19 hours ago Kimi K3 was released and that news seems to be having an impact on the 5% slide in semiconductor companies. NVDA, AMD, AVGO, are all down 5% and TSM down 2.3%. TSM being down is important because they just had a stellar earnings report.
Discussions on forums about Kimi K3 indicate that the model is the second best out there based on testing. One user reported K3 catching a bug that Fable did not. What is significant about the news is that given export restrictions on China for GPUs, this Chinese lab has produced a model that will be open source. The gap between the latest versions of the major labs in America and China may be down months maybe even weeks. This model was developed with access to older generations of GPUs. Some in market are reading it as cliff of growth appearing. That there might not that much be left for these industries to grow.
Kimi K3: [https://platform.kimi.ai/docs/guide/kimi-k3-quickstart](https://platform.kimi.ai/docs/guide/kimi-k3-quickstart)
EDIT: Correction NVDA is down 2.4% not 5%
