Chip Rout Deepens After Chinas Surprise AI Breakthrough | Bloomberg Brief 7/17/2026 [5pXYI39dcGM]
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 Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: Visit for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: Facebook: Instagram: Connect with Bloomberg Business on: X: Facebook: Instagram: TikTok: Reddit: LinkedIn: More from Bloomberg: Bloomberg Radio: Bloomberg Surveillance: Bloomberg Politics: Bloomberg Originals: Watch more on YouTube: Bloomberg Technology: Bloomberg Originals: Bloomberg Quicktake: Bloomberg Espanol: Bloomberg Podcasts: