More air is coming out of the AI bubble as Moonshot AI’s Kimi K3 intensifies low-cost Chinese competition. $SPCX is now trading below $121, almost 11% below its IPO price and more than 46% below its high. AI isn’t a bubble, but AI stocks are. The bubble has likely already popped.
The article claims the AI stock bubble has popped, citing Moonshot AI's Kimi K3 increasing low-cost competition and $SPCX trading well below its IPO price.
More air is coming out of the AI bubble as Moonshot AI’s Kimi K3 intensifies low-cost Chinese competition. $SPCX is now trading below $121, almost 11% below its IPO price and more than 46% below its high. AI isn’t a bubble, but AI stocks are. The bubble has likely already popped.
AI TRENDS | Peter Schiff Says AI Stock Bubble May Be Starting to Burst Peter Schiff said the AI stock bubble may have started to burst as Kimi K3 intensifies low-cost AI competition in China. According to NS3.AI, Schiff said $SPCX is trading below $121, about 11% under its IPO price and over 46% be
TODAY: Peter Schiff says the AI stock bubble has likely already popped as $SPCX falls 46% from its peak amid growing low-cost competition from China’s Kimi K3. “AI isn’t a bubble, but AI stocks are.” https://t.co/qXj45U0WZi