TechFlow news, July 19, according to The Wall Street Journal, following Moonshot AI's release of the low-cost, high-performance large model Kimi K3, Wall Street is once again experiencing concerns of a "DeepSeek-style shock," with the AI chip sector facing selling pressure. Morgan Stanley stated that the market may see AI industry turbulence similar to that triggered by DeepSeek in early 2025, meaning the rise of low-cost, high-performance AI models could pose challenges to top U.S. model developers such as OpenAI and Anthropic, while simultaneously weakening the demand for large-scale computing infrastructure supporting the U.S. AI investment boom.
Nationwide Chief Market Strategist Mark Hackett stated that retail and institutional investors previously held significantly excessive positions in momentum tech stocks; currently, funds are flowing out of these high-valuation tech stocks. The semiconductor sector may be affected by market fund rotation, with investors recently reducing allocations to AI-related tech stocks and shifting towards industries such as energy, finance, industrials, and healthcare.
