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AI Rival Kimi K3 Sparks Tech Selloff; Oil Spikes on Iran Fears

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Chinese AI firm Moonshot's Kimi K3 model sparked fears of US AI dominance erosion, triggering tech selloff.
  • Nasdaq fell 1.5%, chipmakers tumbled, Nvidia lost ground to Apple in market cap.
  • Oil surged on Iran tensions, reviving inflation worries.
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212.35 +19.71% over the displayed period

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