Chipmaker shares slid as China’s Moonshot Kimi K3 renewed fears that new AI challengers could undermine the case for heavy sector spending. Gary Black said Sams

BWB News TV • 2026-07-17 10:16 UTC • By Billy Odell Tucker-Robinson

Chipmaker shares slid as China’s Moonshot Kimi K3 renewed fears that new AI challengers could undermine the case for heavy sector spending. Gary Black said Samsung’s earnings miss added pressure as investors reassess stretched valuations.

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