BREAKING
SOXX Falls 20% From June Peak
Drop From June 22 Peak
Intel
-33
Micron
-30
SOXX
-20
Nvidia
-3
0
%
Intel YTD
0
%
Micron YTD
0
%
SOXX YTD
Two Pressures on the AI Trade
1
AI fatigue on capex
↓
2
Cheaper China models
↓
3
Valuations questioned
Kimi K3 vs Opus 4.8
Kimi K3
Open-weight Jul 27
●
Ahead in Arena rankings
●
~40% cheaper
Opus 4.8
Anthropic
●
Leading Western system
●
Premium pricing
Alphabet, Intel Earnings Loom
AI NEWS BLITZ
AI chip stocks have tumbled from their highs as investors reassess the AI trade.