Apple and several chip companies are set to report their earnings next week. Chip companies such as Advanced Micro Devices (AMD), Axcelis Technologies (ACLS), FormFactor (FORM), and Microchip Technology (MCHP) will be joining Apple in sharing their financial results. AMD, in particular, has a strong stock performance with a 47% gain year-to-date and a Relative Strength Rating of 92. Their third-quarter results are expected to meet analysts' targets with sales guidance of $5.7 billion.

As for Apple, they are facing tepid sales from their latest iPhone 15 handsets but might see a boost in their stock ahead of earnings due to a product launch of a new iMac desktop computer featuring the M3 processor chip. The company has also recently raised prices for some of their subscription-based services. Additionally, Apple has seen all-time high service revenue for two consecutive quarters and has crossed an installed base of 2 billion active users. Despite some recent stock challenges, Apple is still expected to release its results on Thursday after the market closes.

Overall, the earnings reports of these tech giants and chip companies will provide insight into the state of the industry and consumer confidence.