Moonshot pauses Kimi K3 subscriptions due to high demand
Moonshot’s decision to pause new Kimi K3 subscriptions is being seen as a sign of rapid adoption, which is rattling markets.
The worry is that an open source Chinese model is closing the gap on Western systems, pressuring chip and memory names.
The Nasdaq is down 2.6% and memory stocks are among the worst hit, with oil’s continued climb adding to the risk-off tone.