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Moonshot AI releases Kimi K3 as Wall Street expresses concerns over the impact on the AI industry

Moonshot AI releases Kimi K3 as Wall Street expresses concerns over the impact on the AI industry

AiCoinAiCoin2026/07/19 12:42
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According to The Wall Street Journal, after Moonshot AI released Kimi K3, Wall Street expressed concerns about a DeepSeek-style impact, leading to a sell-off in the AI chip sector. Morgan Stanley stated that the rise of low-cost, high-performance AI models poses a challenge to OpenAI and Anthropic, and weakens the demand for large-scale computing infrastructure. Nationwide’s Chief Market Strategist Mark Hackett said that funds are flowing out of overvalued technology stocks, with investors reducing allocations to AI-related tech stocks and shifting toward energy, financials, industrials, and healthcare sectors.
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