No BS Just Facts logo
No BS Just Facts
It might be boring, but it's just the facts.

← All stories · business

MarketWatch

‘Picks and shovels’ trade comes unstuck as AI hardware stocks plunge on competitive threat from China

Tuesday, July 28, 2026


China announced it has developed domestic deep ultraviolet lithography machines, according to reports on Tuesday. Asian stock markets declined following the announcement. DUV lithography equipment is used to manufacture semiconductor chips and has been a product primarily supplied by Dutch company ASML.

Original reporting: 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

Next story

‘She is on Medicaid’: My sick friend pleaded with me to be her executor. Can I decline after she dies?