Back
65· Active
Markets3h 7m ago
Chip stocks slid into bear territory after Moonshot AI unveiled the open-source Kimi K3 model, with the Philadelphia Semiconductor Index dropping more than 20% and trillions in market value erased since June.
Archive Window: 7 Days Left
Global
Who
Moonshot AI
What
Chip stocks slid into bear territory after Moonshot AI unveiled the open-source Kimi K3 model, with the Philadelphia Semiconductor Index dropping more than 20% and trillions in market value erased since June.
When
Sat, 18 Jul 2026 10:00:48 GMT · 3h 7m ago
Where
Global ·
Why
The unveiling of the open-source Kimi K3 model by Moonshot AI triggered the decline in chip stocks.
The Frontline Impact
How this affects you
The Philadelphia Semiconductor Index has fallen over 20%, erasing trillions in market value. This indicates a significant downturn in the semiconductor industry's stock performance.
Story chain
3 events in this thread- Currently Reading3h 7m agoChip stocks slid into bear territory after Moonshot AI unveiled the open-source Kimi K3 model, with the Philadelphia Semiconductor Index dropping more than 20% and trillions in market value erased since June.
- Markets3h 7m agoChip stocks entered bear territory after Moonshot AI unveiled the open-source Kimi K3 model.Open article
- Markets6h 7m agoChip stocks slid into a bear market, joining broader equity losses on geopolitical tensions.Open article