Wall Street’s Chip Selloff Goes Global
Summary
A global chip sell-off accelerates as investors worry about AI spending sustainability and rising Chinese competition. Meanwhile, President Trump meets with Ukrainian President Zelensky amid shifting U.S. policy views, while pressure mounts on the Supreme Court regarding voting restrictions. The episode also covers Johnson & Johnson’s talc lawsuit settlement and struggles faced by foreign automakers in China.
Topics discussed
Sponsor: ReliaQuest agentic defense
Intro: Chip sell-off, McConnell health, Zelensky visit
Asian stocks tumble on AI cost doubts and Chinese competition
Zelensky meets Trump; US policy shift on Ukraine and Iran
Sponsor: ReliaQuest agentic defense
Trump pushes voting restrictions; McConnell remains absent
J&J agrees to $5.5B talc lawsuit settlement
Foreign automakers struggle in China amid sales drop
Earnings outlook and sign-off
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