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WSJ July 21 Bombshell: AI Disrupts Tech Giants - Apple Plunges 16% as US-EU Trade War Escalates
Key Insights: AI wave fractures tech "Magnificent Seven" - Nvidia surges 20% while Apple plummets 16% due to AI lag. US-EU trade tensions escalate with 15% baseline tariff threat approaching Aug 1 deadline. Chevron's successful Hess acquisition secures Guyana oil access. Amazon-Walmart adopt opposing pricing strategies under tariff pressure. AI era reshapes job market: longer resumes gain advantage, virtual idols disrupt entertainment, Fed independence faces political threats.
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By Wall Street PodcastKey Insights: AI wave fractures tech "Magnificent Seven" - Nvidia surges 20% while Apple plummets 16% due to AI lag. US-EU trade tensions escalate with 15% baseline tariff threat approaching Aug 1 deadline. Chevron's successful Hess acquisition secures Guyana oil access. Amazon-Walmart adopt opposing pricing strategies under tariff pressure. AI era reshapes job market: longer resumes gain advantage, virtual idols disrupt entertainment, Fed independence faces political threats.