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FT News Briefing
Viktor Orbán’s world tour irks the EU
Jul 18, 2024
European politician Viktor Orbán's bold international travels have caught the EU's attention. The podcast also discusses chip stocks dipping, failed Amazon union recognition bid, and Yandex's move into Europe after leaving Russia.
11:42
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Quick takeaways
- Chip stocks declined due to Trump's remarks affecting major players, highlighting the sector's impact on AI development.
- Viktor Orbán's EU opposition shows discord over his foreign policy strategy, risking tension within the European Union.
Deep dives
Impact of Chip Stocks Decline on Market and AI Development
Yesterday witnessed a significant decline in chip stocks, affecting major players like US chipmaker, Taiwan's TSMC, and Dutch chipmaker ASML. Potential reasons behind this include Donald Trump's remarks on Taiwan's defense funding and US considerations of stricter chip trading restrictions with China. The chip sector's importance in AI development and its influence on major indices like Nasdaq underline the broader implications of these stock fluctuations.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode