WS #12299
Moonshot AI's Kimi K3 model (2.8T parameters) triggered a DeepSeek-style selloff in AI and semiconductor stocks globally. SK Hynix chairman urged investors to hold. China's Xi Jinping launched a 29-nation AI bloc, potentially bullish for US AI stocks. Apple surpassed Nvidia to become the world's most valuable company with a $4.88 trillion valuation, as Nvidia fell 3.5% amid the AI selloff.
AI-Driven Tech Selloff
Moonshot AI's Kimi K3 model (2.8T parameters) triggered a DeepSeek-style selloff in AI and semiconductor stocks globally. SK Hynix chairman urged investors to hold. China's Xi Jinping launched a 29-nation AI bloc, potentially bullish for US AI stocks.
Apple surpassed Nvidia to become the world's most valuable company with a $4.88 trillion valuation, as Nvidia fell 3.5% amid the AI selloff.