U.S. Stock Market Developments

I=7
S&P 500 and Nasdaq 100 futures shed 1.0% and 2.0% as selloff in chip stocks continues and tech investors react to the new Kimi K3 model

Moonshot said their new Kimi K3 model rivals the strongest offerings from OpenAI and Anthropic, making investors draw parallels with last year’s “DeepSeek moment”.

https://www.bloomberg.com/news/articles/2026-07-17/china-s-powerful-new-ai-surprises-investors-fueling-tech-rout-mroxm71p

1 Like