AI Daily: Monday, July 20, 2026

My Daily AI & Markets Briefing · Jul 20, 2026 · 10m

SOXL surged +6.11% in a relief rally after last week's brutal 25% selloff, while QQQ, VGT, and VUG all posted modest gains as investors positioned ahead of major Mag-7 earnings this week. • AMD launched its Helios rack-scale AI system with Microsoft joining Meta, OpenAI, and Oracle as buyers — the clearest hardware-level challenge yet to Nvidia's data center dominance. • China's AI push intensified as Alibaba's Qwen and Moonshot's Kimi K3 both claimed frontier-level performance in the same week, putting real pressure on U.S. lab supremacy. • Anthropic's $10 billion compute deal with Meta…