WS #12354
Apple reclaims world's most valuable company title as China's open-source Kimi K3 model rattles semiconductor stocks, shifting AI investment focus from chips to hyperscalers. IBM shares plunged ~25% this week after pre-announcing disappointing Q2 results, with customers redirecting budgets to cybersecurity and AI tokens.
AI Trade Rotation: Apple Overtakes Nvidia
Apple reclaims world's most valuable company title as China's open-source Kimi K3 model rattles semiconductor stocks, shifting AI investment focus from chips to hyperscalers.
IBM shares plunged ~25% this week after pre-announcing disappointing Q2 results, with customers redirecting budgets to cybersecurity and AI tokens.