WS #12353
China's Moonshot AI releases Kimi K3 open-source model, triggering selloff in semiconductor stocks and rotation into Apple, which overtakes Nvidia as world's most valuable company. Apple files lawsuit against OpenAI for alleged trade secret theft, sending warning letters to former employees now at OpenAI.
AI Trade Rotation: Semis to Hyperscalers
China's Moonshot AI releases Kimi K3 open-source model, triggering selloff in semiconductor stocks and rotation into Apple, which overtakes Nvidia as world's most valuable company.
Apple files lawsuit against OpenAI for alleged trade secret theft, sending warning letters to former employees now at OpenAI.