International Perspective · July 21, 2026
① Nokia and Ericsson announce landmark collaboration for autonomous networks — Reversing previous AI-RAN strategic divergence into joint push for intelligent network automation (Nokia Newsroom)
② BofA analyst says chip bear market is 'summer reset, not cycle end' — $1.3T in semiconductor value evaporates, $3.2T rotates from chips to Magnificent Seven; Musk denies SpaceX $52B NVIDIA AI server order from Foxconn (MarketWatch / Seeking Alpha)
③ Citi upgrades China to overweight with 31% upside target — HSI year-end 29,600, CSI 300 at 5,600; AMD Zen6 Venice 2nm server CPU launch set for July 22; WAIC 2026 concludes with super-node consensus (Caixin Global / Tom's Hardware / Xinhua)