Cathie Wood's ARK Innovation ETF Bleeds Assets as Investors Lose Patience

Benzinga40minutes ago

Goldman Sachs Comments on Kimi K3: Chinese Open-Source Models Reach a Critical Inflection Point in Global Adoption, with Intense Competition in High-End Models

Goldman Sachs stated that Kimi K3 has emerged with 2.8 trillion parameters, raising its API pricing to $2.30 per million tokens—the highest price yet for a Chinese AI model—marking a shift among domestic AI firms from a 'price war' to a battle for 'pricing power.' However, on the flip side, Zhipu’s stock plunged 28% in a single day and MiniMax dropped 16%, revealing deep market concerns about the sustainability of competitive moats among AI model companies amid intensifying competition in the high-end programming segment.

wallstreetcnJul 18 13:11

Selling pressure persisted, led by semiconductor and AI-related stocks, causing a sharp intraday drop to the ¥62,000 range.

The Nikkei 225 closed sharply lower, down 2,694.42 yen at 64,141.12 yen (estimated volume: 2.76 billion shares). Semiconductor and AI-related stocks led the decline in Tokyo, following losses in U.S. semiconductor shares the previous day. Additionally, although the South Korean market was closed, concerns over the South Korean government’s announcement of tightened regulations on leveraged single-stock ETFs appear to have triggered preemptive selling in domestic AI-related stocks. The Nikkei 225 opened in the 66,300-yen range.

Fisco JapanJul 17 15:40

GX Tech 20 and others remain in the rankings, reflecting the decline in AI-related stocks.

GX Tech 20 <2854> has been included in the ranking (as of 10:18 a.m.), trading sharply lower. Its official name is Global X Tech Top 20 Japan Equity ETF, an exchange-traded fund that invests in 20 leading Japanese technology-related companies. As of February 27, 2026, its holdings include Tokyo Electron <8035> (weight: 10.19%), Sony Group <6758> (10.07%), Advantest <6857> (9.80%), and others. Artificial intelligence (AI)-related and semiconductor stocks on the Tokyo market...

Fisco JapanJul 17 09:32

JPMorgan: A-share market's 'AI-driven deleveraging' is a healthy correction, not a bubble burst

JPMorgan believes that the recent correction in the A-share AI sector is fundamentally a deleveraging process rather than a deterioration in fundamentals. The decline in margin trading as a share of IT-sector activity, coupled with technology ETFs attracting inflows despite market headwinds, suggests that deleveraging is nearing completion. Balance sheet leverage among U.S. and Chinese cloud giants remains well below levels seen during historical bubble periods, reflecting continued financial strength. Large model iterations and hardware supply constraints are expected to persist through 2028.

wallstreetcnJul 17 09:29

We will continue to assess the underlying strength of semiconductor stocks.

[Equity Opening Comment] The Japanese stock market opened lower on the 17th and is likely to remain cautious, seeking dips while assessing the underlying resilience of semiconductor stocks. On the 16th, U.S. markets saw the NY Dow decline by 105 points and the Nasdaq fall by 387 points. June U.S. retail sales met expectations, and initial jobless claims came in below forecasts, signaling underlying strength in the U.S. economy and providing support for cyclical stocks. Meanwhile, Taiwan Semiconductor Manufacturing Company (TSMC) reported its earnings...

Fisco JapanJul 17 07:36