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