"Meanwhile, sentiment toward AI stocks and hyperscalers' capex binge keeps weakening..."

Kimi K3 drew excitement from industry insiders, with some evoking a 2025 release from China's DeepSeek that shook assumptions of US dominance in AI.

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.