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UBS Maintains AI Hardware Investment Stance as Kimi K3 Launches on July 16

AI Industry News Stocks

2026-07-21 23:09:24

UBS1.65%

BAC1.29%

According to UBS America's Chief Investment Officer, on July 21, semiconductor weakness does not reflect supply gluts, and major tech firms will not cut AI hardware spending despite short-term profitability pressures. UBS expects intensifying competition from new Chinese AI models, including Kimi K3 launched on July 16, to boost chip demand. Bank of America echoed this view, noting that aggressively priced Chinese open-source models are driving new hardware requirements rather than indicating oversupply.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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