AI Chip Selloff Spreads Across Global Markets | Bloomberg Tech 7/07/2026

Bloomberg Technology Tuesday 07 July 2026, 18:28 UTC 1 min read

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Jul 7th, 2026 AI Chip Selloff Spreads Across Global Markets | Bloomberg Tech 7/07/2026 Bloomberg’s Ed Ludlow breaks down Samsung's quarterly profit that surged on memory demand, and why it still wasn't enough for investors. Plus, Amazon is back in the bond market, looking to raise at least $25 billion to fund spending on AI infrastructure; and SpaceX joins the Nasdaq 100 Index as sell-side coverage of Elon Musk's company kicks off.

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The Los Angeles Lakers continue to actively pursue unrestricted free agent wing Jonathan Kuminga, but they have not yet given him an enticing enough offer to commit, league sources told ESPN on Tuesday. After his $24.3 million team option was declined by the Atlanta Hawks on June 29, Kuminga met virtually the next day with Lakers general manager Rob Pelinka and coach JJ Redick, who pitched him on a vision of being a high-minutes wing next to Luka Doncic in a spacious on-court environment...

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US Debt, Global Fiscal Ratios Still Concerning, Says Citi's DeQuadros

Jul 7th, 2026 US Debt, Global Fiscal Ratios Still Concerning, Says Citi's DeQuadros Conrad DeQuadros, Citi Wealth head of economics, said that the level of US debt and questions around fiscal ratios across the globe are still a point of concern for economists even as the economy is in good shape. DeQuadros said that questions the amount of room the deficit has a stabilizing force given a potential economic downturn.

Bloomberg Markets 17m ago

U.S. revokes Iran oil sales authorization after tanker attacks

Commercial vessels and oil tankers preparing to transit through the Strait of Hormuz, one of the most critical strategic waterways for global trade flows, maintain their wait in the Gulf of Oman, on June 17, 2026. Shady Alassar | Anadolu | Getty Images The Treasury Department is revoking the license that allows the sale of Iranian oil, a U.S. official told CNBC Tuesday. The decision to revoke the authorization comes after several tankers were attacked in the Strait of Hormuz.

CNBC 23m ago

AI Chip Selloff Spreads Across Global Markets | Bloomberg Tech 7/07/2026

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