🚨 THIS IS REALLY BAD A catalyst that crashed the stock market in Jan 2025 is back. Chinese startup Moonshot AI has unveiled Kimi K3, which delivers performance similar to OpenAI’s GPT-5.6. and Anthropic’s Claude Fable. Last year, DeepSeek released DeepSeek-R1 in Jan 2025, and here's how the US stock market reacted: - Nvidia dumped 17% in a day and erased $600 billion. - Nasdaq 100 dropped 3%, wiping out over $1 trillion. - Philadelphia Semiconductor Index dumped 9.2%, its worst day since the 2020 pandemic. - Other tech companies like Microsoft and Alphabet dropped 5%-6%, wiping out hundreds of billions in the market cap. Talking about the crypto market, over $330 billion was erased as BTC and alts dropped 8%-15% in a day. The reason behind this dump was DeepSeek challenging the belief that cutting-edge AI requires $100B+ in hardware and energy infrastructure. This time, Moonshot AI is doing the same, and the market is reacting to it. Nvidia is down 4%, Google is down 3%, Meta is down 4%, and the US stock market has wiped out over $1.1 trillion. The same thing also happened with Asian markets today, and it seems like Kimi has popped the bubble.(Crypto Rover)