AIFeatured4 min read
Artificial Intelligence
The $314 billion assumption that just broke
Moonshot AI's Kimi K3, a 2.8 trillion parameter open-weight model, triggered a global revaluation of AI stocks. The combined estimated valuations of OpenAI and Anthropic lost $314 billion as investors confronted cheaper Chinese frontier AI. The analysis examines winners (Chinese chip makers, memory manufacturers, software developers) and losers (model developers, Nvidia's scarcity premium) in the new landscape.
2026-07-22