Squawk Pod: A chip sell-off, Netflix’s report, & President Xi’s AI pitch - 07/17/26

Market Trends and Sector Performance - Netflix shares face downward pressure following disappointing quarterly earnings forecasts [1] - Chip and memory stocks experience volatility due to growing investor concerns regarding the sustainability of AI-related capital expenditures [1] - Market analysts anticipate continued pressure on the semiconductor sector until hyperscaler companies release their upcoming quarterly earnings reports [1] Macroeconomic and Geopolitical Landscape - China positions itself as a primary global partner in the artificial intelligence sector through recent high-level government remarks [1] - U.S. housing market data is currently under review to assess its implications for Federal Reserve monetary policy and national housing affordability [1]