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Markets2h 2m ago
Chip stocks entered bear territory after Moonshot AI unveiled the open-source Kimi K3 model.
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Global
Who
Moonshot AI
What
Chip stocks entered bear territory after Moonshot AI unveiled the open-source Kimi K3 model.
When
Sat, 18 Jul 2026 10:00:48 GMT · 2h 2m ago
Where
Global ·
Why
The unveiling of the Kimi K3 model by Moonshot AI triggered a significant decline in chip stocks.
The Frontline Impact
How this affects you
The Philadelphia Semiconductor Index dropped more than 20%, erasing trillions in market value since June. This indicates a significant downturn in the semiconductor industry's market valuation.
Story chain
3 events in this thread- Markets2h 2m 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.Open article
- Currently Reading2h 2m agoChip stocks entered bear territory after Moonshot AI unveiled the open-source Kimi K3 model.
- Markets5h 2m agoChip stocks slid into a bear market, joining broader equity losses on geopolitical tensions.Open article