Moonshot releases Kimi K3 model, global AI and chip stocks fluctuate

According to Bloomberg, Chinese AI startup Moonshot has released the Kimi K3 model, causing fluctuations in the global AI and chip stock markets. The parameter scale of Kimi K3 is about 2.8 trillion, supporting 1 million token contexts, and the overall cost is about half of Claude Opus and GPT-5.5. After the announcement, Bloomberg Asia Semiconductor Index fell more than 6%, and Nasdaq 100 futures fell about 2%.