Peter Schiff Declares AI Stock Boom Over as SpaceX SPCX Slumps
TL;DR Summary
Economist Peter Schiff argues the AI stock bubble has likely burst as SpaceX (SPCX) slides, trading around $120 after a drop of over 46% from its high and about 11% below its IPO price; Schiff says AI itself isn’t a bubble, but AI stocks are, blaming intensified Chinese competition (Moonshot AI’s K3) for the fade, and noting SpaceX’s chart looks weak even as other bears question SpaceX’s high valuation.
- Peter Schiff Says AI Stock Bubble Has Popped Amid SPCX's Decline: 'The Chart Is Not Looking Good' Benzinga
- Moonshot Is Creating New Winners and Losers in the AI Trade Bloomberg.com
- Claude Fable 5 vs. Kimi K3: Same results, one-third the cost, 4x slower The New Stack
- China delivers a one-two punch to America’s AI dominance The Verge
- Demand for Chinese AI strains compute Semafor
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