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Semiconductor sector sees sell-off as Kimi K3 sparks concerns over AI valuations and chip spending
BlockBeats news, July 17: The semiconductor sector is under pressure, and investors are re-evaluating AI trading. Dark Moon claims its Kimi K3 model can compete with OpenAI and Anthropic’s models, sparking a new round of concerns in the market about AI company valuations and the outlook for chip spending.
Despite a sell-off in chip stocks, overall market breadth remains healthy. The related trend is more likely to reflect a rotation of capital out of the semiconductor sector, rather than a broad market retreat.