“When there’s panic, no one wants to be the last one in a selloff, so the selling pressure increases. With the start of reporting, the suspicion of overvaluation has been confirmed and will continue for a bit.”

Moonshot's Kimi K3 AI model disrupts global markets, causing Alphabet's odds of being the second-largest company by market cap on July 31 to drop to 9.5% YES.

Moonshot AI's Kimi K3 model rattled global markets, sending rival AI stocks down as much as 27% while raising questions about AI sector valuations.

Investors reduce bets on artificial intelligence