Tech stocks continue their steep drop today amid the sell off. Tesla down 7% not far from a 25 closing low.

Nvidia down more than five on reports that Chinese competitor, Huawei now is planning mass shipments of its own AI chip.

For that, we'll turn to Deerboast in today's tech check. Morning, Dee.

Hey, good morning, Carl. You know, call it big techs pincer. InVIDIA might be the

clearest example of an American company that's getting squeezed in the middle. There's

Trump's politics at home. And then there's China's competitiveness abroad. In other words,

volatility is giving way to structural questions. Reuters today reporting that Huawei is

planning to begin mass shipments of its advanced AI

chips to Chinese customers as early as next month.

And that is key because it means that Huawei isn't just catching up, it is scaling.

Moreover, some of those chips are being built inside China by SMIC.

That is China's leading chip maker.

Now, others may have ties to Taiwan

semi through a China-based middleman called SoftGo, now under U.S. investigation. This all underscores

the point. The more the U.S. tries to contain China's tech, the more creative and coordinated

China gets. It's not just chips either. New data shows that Apple has lost its top spot in China's

smartphone market to local rivals like Xiaomi and Huawei. That is being fueled in part by Beijing's

consumer subsidies, just as American consumers may be starting to pull back amid the threat of

recession. So now you have a second pincer or double squeeze on another American tech champion Apple, which is also seeing losses today. At home, meanwhile, the regulatory

pressure that continues to ramp up. This is in the backdrop today. Google and meta, each

down 3% more than that, actually, now today, adding to very ugly monthly losses. The DOJ and Google,

they're back in court today to argue remedies in the search trial

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