这些突破导致全球晶片市场遭遇猛烈抛售，费城半导体指数跌入熊市，南韩的 Kospi 指数也大幅下挫。这显示了投资人对于资本密集的晶片产业以及依赖辉达的兆元人工智慧投资的稳健性感到担忧。
中国的快速发展也让人质疑西方供应商是否过于自满，其稳健的融资管道更凸显了美国首次公开募股市场的冷却。尽管中国的模型和晶片可能还无法完全匹敌西方，但其破坏力已经足以对全球人工智慧股票的涨势造成致命打击。
China has recently demonstrated strong competitiveness in the field of artificial intelligence, impacting the global market through three major developments: the release of the Kimi K3 model with performance rivaling top-tier products, the successful listing of memory chip giant CXMT Corp in Shanghai, and the mass production of DUV lithography tools, breaking Western technological blockades.
These breakthroughs have led to a brutal selloff in the global chip market, with the Philadelphia Semiconductor Index falling into a bear market and South Korea's Kospi Index dropping significantly. This reflects investors' growing concerns about the robustness of the capital-intensive chip industry and the trillion-dollar AI investments reliant on Nvidia.
China's rapid development also raises questions about whether Western suppliers have become too complacent, while its robust financing channels highlight the cooling of the US IPO market. Although Chinese models and chips may not yet fully match their Western counterparts, their disruptive power is already sufficient to deal a fatal blow to the global AI stock rally.