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Moonshot AI's valuation surged from $4.3B to $20B in six months, and its Kimi K3 model caused a selloff in AI semiconductor stocks. The company is now going public.
AI stocks led a major market selloff, erasing $1.3 trillion, sparking debate on whether the AI bubble is bursting or it's just a sector rotation and profit-taking. Analysts from Goldman, Bridgewater, and BofA offer conflicting views.