{"id":65289,"date":"2026-07-23T13:08:18","date_gmt":"2026-07-23T17:08:18","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-trade-chief-slams-eu-tech-aggression-as-amd-forecasts-1-4-trillion-ai-market\/65289\/"},"modified":"2026-07-23T13:08:18","modified_gmt":"2026-07-23T17:08:18","slug":"us-trade-chief-slams-eu-tech-aggression-as-amd-forecasts-1-4-trillion-ai-market","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-trade-chief-slams-eu-tech-aggression-as-amd-forecasts-1-4-trillion-ai-market\/65289\/","title":{"rendered":"US Trade Chief Slams EU Tech &#8220;Aggression&#8221; as AMD Forecasts $1.4 Trillion AI Market"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>USTR Jamieson Greer<\/strong> condemned the <strong>European Union&#39;s<\/strong> &quot;aggressive&quot; targeting of U.S. technology firms, specifically citing a new <strong>$1 billion fine<\/strong> against Google (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>) and &quot;massive uncertainty&quot; for U.S. exports.<\/li>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/AMD\" data-internallinksmanager029f6b8e52c=\"16\" title=\"stock: AMD\">AMD<\/a> (<a href=\"\/stock\/AMD\">AMD<\/a>)<\/strong> CEO Lisa Su dramatically raised the company&#39;s forecast for the global <strong>AI accelerator market<\/strong>, predicting it will reach <strong>$1.4 trillion by 2030<\/strong>, up from previous estimates.<\/li>\n<li><strong>OPEC+<\/strong> is reportedly prepared to increase oil production quotas by <strong>188,000 barrels per day (bpd)<\/strong> for September during its upcoming August 2 meeting.<\/li>\n<li><strong>Geopolitical tensions<\/strong> escalated in the Persian Gulf following reports of <strong>explosions near Iran&#39;s Qeshm and Lark Islands<\/strong>, amid ongoing U.S. military strikes in the region.<\/li>\n<\/ul>\n<h2>U.S. Trade Representative Slams EU &quot;Regulatory Coercion&quot;<\/h2>\n<p>U.S. Trade Representative <strong>Jamieson Greer<\/strong> issued a scathing statement on Thursday, accusing the <strong>European Union<\/strong> of hindering trade progress through &quot;aggressive&quot; regulatory moves. Greer specifically pointed to the <strong>European Commission&#39;s<\/strong> decision to fine Google (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>) nearly <strong>$1 billion<\/strong>, arguing that the EU continues to target the most competitive U.S. companies under the <strong>Digital Markets Act (DMA)<\/strong>.<\/p>\n<p>Greer noted that the cumulative fines against Google now exceed <strong>2% of the EU\u2019s total budget<\/strong>, a figure larger than the contributions of several member states. He warned that these actions, combined with state-backed loans to competitors like <strong>Airbus<\/strong>, are driving &quot;massive uncertainty&quot; for U.S. exports. While the U.S. remains open to &quot;constructive dialogue,&quot; Greer emphasized that such progress is stalled by the EU&#39;s current trajectory.<\/p>\n<h2>AMD Projects Explosive AI Market Growth<\/h2>\n<p>In a major update to the semiconductor outlook, <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/AMD\" data-internallinksmanager029f6b8e52c=\"16\" title=\"stock: AMD\">AMD<\/a> (<a href=\"\/stock\/AMD\">AMD<\/a>)<\/strong> CEO Lisa Su announced that the total addressable market (TAM) for <strong>AI accelerators<\/strong> is expected to hit <strong>$1.4 trillion by 2030<\/strong>. This represents a significant upward revision from the company&#39;s previous $1 trillion forecast, driven by &quot;insatiable&quot; demand for high-performance computing.<\/p>\n<p>The company expects the market to grow at a <strong>45% compound annual growth rate (CAGR)<\/strong> through the end of the decade. Su highlighted that AI infrastructure is becoming essential to global economic productivity, positioning <a href=\"https:\/\/stockmarketwatch.com\/stock\/AMD\" data-internallinksmanager029f6b8e52c=\"16\" title=\"stock: AMD\">AMD<\/a>&#39;s <strong>Instinct<\/strong> series GPUs to capture a &quot;double-digit&quot; share of the data center market as it competes with industry leader <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>).<\/p>\n<h2>OPEC+ and Energy Market Volatility<\/h2>\n<p>Sources indicate that <strong>OPEC+<\/strong> is likely to stick to its plan of gradually returning supply to the market, with a projected quota increase of <strong>188,000 bpd<\/strong> for September. The decision is expected to be finalized at the <strong>Joint Ministerial Monitoring Committee (JMMC)<\/strong> meeting on August 2.<\/p>\n<p>The move comes despite significant market volatility caused by the <strong>U.S.-Iran conflict<\/strong>. While the alliance seeks to stabilize prices, analysts suggest the quota increases may be &quot;symbolic&quot; given the physical difficulty of transporting crude through the <strong>Strait of Hormuz<\/strong> due to active hostilities.<\/p>\n<h2>Explosions Reported Near Strategic Iranian Islands<\/h2>\n<p>Geopolitical risks intensified on Thursday as reports emerged of explosions near <strong>Qeshm and Lark Islands<\/strong> in the Strait of Hormuz. Iranian state media and the <strong>Fars news agency<\/strong> confirmed the blasts, which occurred amid a week-long campaign of <strong>U.S. airstrikes<\/strong> designed to degrade the <strong>IRGC&#39;s<\/strong> ability to threaten commercial shipping.<\/p>\n<p>The strikes follow a period of heightened conflict that has seen the U.S. resume a naval blockade of Iranian ports. Market participants are closely monitoring the situation, as any prolonged disruption to the Strait\u2014which handles roughly <strong>20% of global oil supply<\/strong>\u2014could lead to a sharp spike in energy prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways USTR Jamieson Greer condemned the European Union&#39;s &quot;aggressive&quot; targeting of U.S. technology firms, specifically citing a new $1 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[5012],"tags":[8065,1947,11185,4824,14001,20771,5032,5426,6023,6119,6480,6808,6810],"class_list":["post-65289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-amd-amd-stock-amd","tag-oil","tag-dma","tag-geopolitics","tag-jamieson-greer","tag-ai-accelerators","tag-middle-east","tag-opec","tag-tam","tag-google-googl-stock-googl","tag-cagr","tag-jmmc","tag-ustr"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/65289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=65289"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/65289\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50383"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=65289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=65289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=65289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}