Alibaba’s shares surged the most since September, after investors turned optimistic on its earnings and shifted capital into major Chinese internet companies https://t.co/HWsgJ9BEYW ...

🇨🇳 JUST IN: China is considering curbing overseas access to its top AI models, including unreleased ones, after meetings with firms like Alibaba, ByteDance, and Z(.)ai, per Reuters. https://t.co/UcHZK5VwVy ...

This is Guru Focus Market Today, your afternoon market brief for Tuesday, July 7. Here's where things stand. AI stocks led global markets lower as major US indices, including the Dow, S&P 500, and NASDAQ, retreated from record highs.Semiconductor and AI linked stocks such as Micron, Samsung, KLA, Broadcom and AM fell sharply while oil prices surged in response to renewed tensions in the straight of Hormuz. The session saw a marked rotation out of technology and into energy with investors weighing inflation ...