Author emphasizes new highs and momentum continuation, contrarian to bears. Current price $1980.10 (+5.24%) aligns with bullish view. External data shows 40% monthly surge tied to memory sector rebound (SK Hynix capacity plans). Somewhat-bullish news sentiment (0.257) and upcoming earnings Aug 12 provide near-term catalysts. However, post relies on price action observation rather than detailed fundamental thesis, hence moderate confidence.