這些突破導致全球晶片市場遭遇猛烈拋售，費城半導體指數跌入熊市，南韓的 Kospi 指數也大幅下挫。這顯示了投資人對於資本密集的晶片產業以及依賴輝達的兆元人工智慧投資的穩健性感到擔憂。
中國的快速發展也讓人質疑西方供應商是否過於自滿，其穩健的融資管道更凸顯了美國首次公開募股市場的冷卻。儘管中國的模型和晶片可能還無法完全匹敵西方，但其破壞力已經足以對全球人工智慧股票的漲勢造成致命打擊。
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.