Moonshot AI's Kimi K3 model rattled semiconductor stocks, dragging Bitcoin below $64K and crypto lower as fear grips markets ahead of the Fed meeting.

Kimi K3's early performance is fueling alarm in Silicon Valley and Washington.

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.