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The VanEck Semiconductor ETF (SMH) fell over 4% as investors questioned whether the AI chip rally has legs โ triggered by Moonshot AI's Kimi K3 and news that Google is months behind on its flagship model. Alphabet sank 4.4%, while Applied Materials, Lam Research, Intel, and Nvidia all took hits. Oil also spiked back above $80/barrel amid renewed US-Iran tensions. Not financial advice. Is the AI chip trade overdue for a real correction?
Jannik Sinner is now a two-time Wimbledon champion after outlasting Alexander Zverev in four sets, his fifth major overall. On the women's side, Czech Linda Noskova delivered the story of the fortnight, beating compatriot Karolina Muchova in an all-Czech final for her first Grand Slam title. Who was your Wimbledon hero this year?