Peter Schiff Says AI Stock Bubble Has Popped Amid SPCX's Decline: 'The Chart Is Not Looking Good'

More air is coming out of the AI bubble as Moonshot AI’s Kimi K3 intensifies low-cost Chinese competition,” Schiff said in the post. The investor then outlined SpaceX’s recent decline, saying that the commercial space flight giant’s stock was trading at $121/share when he made the post, which was “almost 11% below its IPO price and more than 46% below its high.” Schiff then said that AI was not a bubble, but “AI stocks” were. “The bubble has likely already popped,” the investor said. In the same thread, Schiff commented on SPCX declining further. “SpaceX closed under $120, near the low of the...