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Asian Chip Stocks Climb as Alphabet Spending Revives AI Momentum

Bloomberg Markets·July 23, 2026·1 min read

Asian semiconductor stocks rose as Alphabet Inc. announced plans to spend up to $200 billion this year on artificial intelligence computing power. The spending plans refueled optimism over trickle-down benefits for the chip sector, boosting shares across the region and reviving AI momentum in the market.

Read at Bloomberg Markets
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