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Therese Poletti’s Tech Tales: The promise of a magical rebound for tech comes with little evidence to back it up

It was a resounding phrase, repeated day after day throughout the last two months of tech earnings, as an executive at a major chip company watched his or her stock price plummet in late trading.

“We’re enthusiastic about the second half,” said Nvidia Corp. NVDA, -1.83% Chief Executive Jensen Huang.

“In general, our business is more second-half weighted,” said Advanced Micro Devices Inc. AMD, -1.47% CEO Lisa Su.

“We feel much better about where the second half is going,” said Skyworks Solutions Inc. SWKS, -1.84% CEO Liam Griffin.

“We anticipate improving conditions for our chip business in the second half as a result of new product launches,” said Qualcomm Inc.

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