[Peter Schiff Warns AI Stock Bubble May Have Burst, Kimi K3 Intensifies Low-Cost Competition Pressure] Economist and Bitcoin critic Peter Schiff stated that AI-related stocks are underperforming, with SPCX currently trading below $121, approximately 11% lower than its IPO price and down more than 46% from its historical high. As low-cost AI models continue to emerge, the market's previous high-growth expectations for AI companies may face reassessment, and investors need to be cautious about the risk of valuation corrections in AI concept stocks. However, Peter Schiff also emphasized that AI technology itself is not a bubble; what is truly impacted is the capital market valuation frenzy surrounding the AI theme.