Launch of Kimi K3 Triggers Sell-Off in Chipmaker Stocks | ForkLog

Moonshot AI released Kimi K3, a 2.8 trillion parameter model that outperforms GPT-5.5 and Claude Opus at lower cost, triggering a global sell-off in chipmaker and AI stocks—Taiwan down 6%, Japan down 4%, Nasdaq down 1.5%. The sell-off mirrors the January 2025 DeepSeek effect and signals investor concern that Chinese AI competitors are closing the capability gap while reducing chip dependency. If you're selling inference compute or chips to AI labs, your margin just compressed and your customer's upgrade cycle just ended. Kimi K3 runs at lower cost at higher performance—watch how many labs pause their GPU orders this quarter.