Peter Schiff said the artificial intelligence stock bubble may already have burst, pointing to growing pressure from Moonshot AI’s low-cost Kimi K3 model and a sharp sell-off in AI-related shares. According to the report, Schiff, who has long criticized bubble-driven markets, linked part of the latest decline in AI stocks to the competitive disruption created by Moonshot AI’s cheaper model. The report also said AI-linked stocks have broadly pulled back in recent trading, while the market is reassessing growth expectations for highly valued technology names. Cointelegraph was cited as the source for the remarks.
Peter Schiff said the artificial intelligence stock bubble may already have burst, citing rising competitive pressure from Moonshot AI’s low-cost Kimi K3 model and a sharp drop in AI-related shares.
According to Cointelegraph, Schiff has long been critical of bubble-driven markets. In his latest comments, he attributed part of the decline in AI stocks to the impact that Moonshot AI’s low-cost Kimi K3 model has had on the industry’s competitive structure.
AI-related stocks have broadly retreated in recent trading, with the market reassessing growth expectations for highly valued technology companies.
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