Published Jul 17, 2026, 3:51 AM ET · Updated 4 months ago · 1 source
China’s Powerful New AI Surprises Investors, Fueling Tech Rout
bloomberg
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Original Report
A surprise breakthrough from Chinese AI startup Moonshot rippled through global markets Friday, sending AI and semiconductor stocks sharply lower as investors drew parallels with last year’s “DeepSeek moment” and questioned whether the industry’s enormous spending spree is becoming harder to justify.