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Chip Rout Deepens After China’s Surprise AI Breakthrough | Bloomberg Brief 7/17/2026

DeFi Daily News by DeFi Daily News
July 17, 2026
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Chip Rout Deepens After China’s Surprise AI Breakthrough | Bloomberg Brief 7/17/2026
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Nasdaq futures fall as the chip rout deepens after Chinese startup Moonshot launched a new AI model. The model claims to rival products from OpenAI and Anthropic. Saab CEO Micael Johansson discusses the company’s solid results. Andrew Sheets of Morgan Stanley examines what tech risks could mean for the broader market.

Chapters:
00:00:00 – Bloomberg Brief 7/17/2026
00:00:51 – Asia Market Check
00:02:35 – Europe Market Check
00:04:03 – US Premarket Check
00:05:20 – First Look Movers
00:06:35 – President Xi Touts China’s AI Progress
00:10:09 – Trending on the Terminal
00:11:40 – Saab CEO Micael Johansson
00:18:50 – Small Businesses Trying for Tariff Refunds
00:23:09 – First Look Movers
00:24:34 – NASDAQ Futures Tumble as Chip Rout Deepens
00:32:26 – Trending on the Terminal
00:34:11 – Trump Accuses China of Election Meddling
00:37:41 – Sox Near Biggest Monthly Drop Since Financial Crisis
00:39:26 – Argentina to Face Spain in World Cup Final
00:42:01 – What to Watch
——–
More on Bloomberg Television and Markets

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Tags: Andrew SheetsBloombergBreakthroughChinasChipChloe MeleydeepensDonald TrumpGeopoliticsJonathan TamariJustina LeeMatthew BloxhamMicael JohanssonMorgan StanleyNeil CamplingroutSAABStock market newsStock Market OutlooksurpriseTim LohVonnie QuinnWinnie Hsu
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