WS #12289
Moonshot AI's Kimi K3 model triggers massive tech selloff, wiping out billions in market cap as fears of US AI dominance resurface. Meta in talks to lease AI computing power to Anthropic in a potential $10 billion deal, signaling strong AI infrastructure demand. KGI Securities downgrades Netflix from Outperform to Neutral with $75 price target, adding to tech sector weakness.
Tech Selloff on Chinese AI Model
Moonshot AI's Kimi K3 model triggers massive tech selloff, wiping out billions in market cap as fears of US AI dominance resurface.
Meta in talks to lease AI computing power to Anthropic in a potential $10 billion deal, signaling strong AI infrastructure demand.
KGI Securities downgrades Netflix from Outperform to Neutral with $75 price target, adding to tech sector weakness.