WS #12308
China's Moonshot AI Kimi K3 model threatens US AI lead, causing Nvidia to slide and Apple to regain most valuable company status; AI chip stocks continue to fall. SpaceX shares down 38% from peak, erasing ~$1 trillion in market value; short sellers profit $8.7B; talks with Pentagon for computing power provide potential catalyst.
AI Chip Selloff / Kimi K3 Threat
China's Moonshot AI Kimi K3 model threatens US AI lead, causing Nvidia to slide and Apple to regain most valuable company status; AI chip stocks continue to fall.
SpaceX shares down 38% from peak, erasing ~$1 trillion in market value; short sellers profit $8.7B; talks with Pentagon for computing power provide potential catalyst.