AI memory, chip stocks dip amid Japan's Nikkei slump, Moonshot's new AI model

Memory and AI stocks slide as Japan’s Nikkei slumps and China unveils a huge open-weight AI model.

Shares of memory and AI-related stocks were lower for the third day in a row premarket on Friday amid Japan's Nikkei 225 index falling and Chinese AI firms trying to narrow the gap with the U.S. in the AI race by To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser. If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.

Entering text into the input field will update the search result below Entering text into the input field will update the search result below Quick Insights Memory and AI-related stocks are down due to a sharp decline in Japan's Nikkei 225 and overall weakness in tech shares, impacting sentiment globally. The launch of Kimi K3 by Moonshot increases China's competitiveness, challenging the view that Chinese AI firms lag significantly behind U.S. peers. Despite Nvidia's potential highlighted by experts, its shares underperform and fall with other AI leaders amid broad market declines, signifying cautious investor sentiment.