WS #12324
Nasdaq -1.4%; AI chip stocks fall on Chinese competition (Moonshot AI's Kimi K3) and Alphabet's Gemini 3.5 Pro delays; Apple briefly tops Nvidia; Netflix -7.3% on Q3 guidance. White House takes more control over AI model releases, dictating access to frontier models, shifting power from tech giants like OpenAI and Anthropic.
Tech Selloff and AI Competition
Nasdaq -1.4%; AI chip stocks fall on Chinese competition (Moonshot AI's Kimi K3) and Alphabet's Gemini 3.5 Pro delays; Apple briefly tops Nvidia; Netflix -7.3% on Q3 guidance.
White House takes more control over AI model releases, dictating access to frontier models, shifting power from tech giants like OpenAI and Anthropic.