Market update for Monday July 20, 2026 Check out the Public app for incredible investing tools and to support the show (LINK) Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions. In today’s episode, Zaid covers: Last week&#x27;s brutal chip stock selloff and what it means for the AI trade A stacked week of Big Tech earnings, with Tesla and Google on deck Kimi K3, the new Chinese AI model rattling Wall Street Domino&#x27;s rising thanks to supply chain business AMC&#x27;s surprise blockbuster earnings Christopher Nolan’s The Odyssey pulled in $124.5 million at the box office

Chinese AI Model ‘Kimi K3’ Spooks Investors, AMC Shocks Wall Street with Blockbuster Earnings

The Rundown

[SPEAKER_A] public.com presents The Rundown, your daily market update in 10 minutes. My name is Zaid Admani, and today is Monday, July 20th. In today's episode, we'll break down the latest AI sell-off and tell you why a new Chinese model has investors questioning the entire AI trade. We'll also break down earnings from Domino's and AMC, then stick around to the end of the show for some controversial takes about Christopher Nolan movies. We got a great show for you today. Let's go. Well, guys, it was an ugly end to the week last week on Wall Street. Stocks sold off on Friday with both the S&P and NASDAQ dropping more than 1% overall for the week. The S&P lost 1.6% and the NASDAQ fell more than 4%, with the biggest source of pain being chip stocks. The semiconductor index dropped 10% last week. It was the worst week for the index since April of last year, and now it's down 20% from its June highs. So that means that chip stocks are officially in a bear market. It's a pretty dramatic turnaround. But keep in mind, the sector is still up around 65% for the year. The big question now is whether this is just a healthy profit taking after the insane run-up that we saw this year, or the start of a much bigger unwind in the AI trade. The other big thing overhanging the market is the Iran war. Both sides are exchanging fire across the region, and that's pushing oil prices higher again. Brent crude jumped 16% last week, its biggest weekly gain in almost 3 months, and gas prices are back to about $4 a gallon here in the US.

Chinese AI Model ‘Kimi K3’ Spooks Investors, AMC Shocks Wall Street with Blockbuster Earnings

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Chinese AI Model ‘Kimi K3’ Spooks Investors, AMC Shocks Wall Street with Blockbuster Earnings

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.