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STOCKS | Asian Chip Stocks Rise on Alphabet's $200 Billion AI Spending Plan

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2026-07-23 02:51:03
Asian semiconductor stocks rose after Alphabet Inc. said it plans to spend up to $200 billion this year on artificial intelligence computing power, reviving optimism about spillover benefits, according to Bloomberg.

The move lifted sentiment across Asian chip names as investors bet on stronger AI-related demand.
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