Emerging China threat puts a scare into AI hardware stocks. Is the ‘picks and shovels’ trade breaking down?
Jul 28, 2026
Asian stocks sold off sharply on Tuesday amid reports that China is now capable of manufacturing DUV lithography machines.
https://www.marketwatch.com/story/picks-and-shovels-trade-comes-unstuck-as-ai-hardware-stocks-plunge-on-competitive-threat-from-china-41a0c2b4?mod=mw_rss_topstories
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