China’s chipmakers trigger bloodbath in global tech stocks

Key Points:

• Jeff Bezos reflects on Amazon’s growth from a 1995 garage startup to the world’s largest company, emphasizing customer service over size as the key driver of success; Amazon has overtaken Walmart atop the Fortune Global 500 list, which collectively generated $43.1 trillion in revenue in 2025.
• China’s chipmaker CXMT surged nearly 500% on its stock market debut, triggering a global semiconductor selloff that impacted major players like Nvidia, Intel, and TSMC amid concerns about China’s growing competitive threat in chip fabrication.
• The U.S. and Iran show signs of potential progress in peace talks after a brief ceasefire, with discussions focusing on possible sanctions relief and joint supervision of the Strait of Hormuz, while geopolitical tensions continue to affect global economic interests, including critical shipping routes.
• Europe faces a challenging winter energy outlook with liquid natural gas storage at only 54% capacity, well below the five-year average, causing price spikes and raising concerns about supply shortages lasting into 2027 due to limited new LNG capacity.
• AI’s impact on hiring has created an “AI doom loop,” where automated application tools flood HR departments with low-quality resumes, forcing recruiters to rely increasingly on human connections and personalized outreach to identify suitable candidates.