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The Nexus
BUSINESSJul 28 · 11:09 UTCMARKETWATCHJules Rimmer

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

Asian stocks sold off sharply as reports indicate China can now manufacture DUV lithography machines. The 'picks and shovels' trade in AI hardware stocks has declined due to competitive threats from China's advancing technology.

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ChinaplaceDUV lithography machinestopicAI hardware stockstopicAsian Stockstopicpicks and shovels tradetopic
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‘Picks and shovels’ trade comes unstuck as AI hardware stocks plunge on competitive threat from China · The Nexus