WS #12421
Semiconductor index enters bear market (down 20% from record) on AI spending concerns and Chinese AI model Kimi K3 from Moonshot AI, which plans $30B+ Hong Kong IPO. Apple sits near all-time highs despite chip bear market, supported by M1 chip durability reducing upgrade cycles and strong cash position.
Chip Stock Bear Market & AI Competition
Semiconductor index enters bear market (down 20% from record) on AI spending concerns and Chinese AI model Kimi K3 from Moonshot AI, which plans $30B+ Hong Kong IPO.
Apple sits near all-time highs despite chip bear market, supported by M1 chip durability reducing upgrade cycles and strong cash position.