Days after Kimi K3 rattled chip stocks, Moonshot is moving toward a Hong Kong listing at a $30 billion-plus valuation while Alibaba's Qwen goes open-weight.

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.