Semiconductor Stocks Recover from Losses as Chinese Startup Launches New AI Model
Semiconductor stocks trimmed losses in afternoon trading after a sharp decline earlier in the session, with major players like AMD and Intel flipping to positive territory. The market shift came amid concerns over rising AI infrastructure costs and global competition, highlighted by China's Moonshot releasing Kimi K3, one of the world’s largest publicly available AI models.
Tickers: $AMAT $AMD $AVGO $INTC $LRCX $MRVL $MU $NVDA $QCOM $SNDK $SOXX $TSM
Topics: AI semiconductors stock market volatility