WS #12307
China's Moonshot AI Kimi K3 model continues to pressure AI chip stocks, with Nvidia falling up to 4% and Apple briefly overtaking it as the world's most valuable company. Apple briefly becomes world's most valuable company as Nvidia slides; Apple hikes Music and iCloud+ prices and widens trade secrets fight with OpenAI. China signals possible return of US trade privileges for Hong Kong as executive order on Hong Kong normalization is set to expire, a modest de-escalation signal.
AI Chip Selloff / Kimi K3 Threat
China's Moonshot AI Kimi K3 model continues to pressure AI chip stocks, with Nvidia falling up to 4% and Apple briefly overtaking it as the world's most valuable company.
Apple briefly becomes world's most valuable company as Nvidia slides; Apple hikes Music and iCloud+ prices and widens trade secrets fight with OpenAI.
China signals possible return of US trade privileges for Hong Kong as executive order on Hong Kong normalization is set to expire, a modest de-escalation signal.