Woofun AI reports that economist Peter Schiff asserts the AI stock bubble is deflating as Chinese competitors like Moonshot AI's Kimi K3 intensify low-cost market pressure. Schiff distinguishes between the technology and the capital market, stating the latter faces valuation correction risks. He highlights that $SPCX trades below $121, representing an 11% decline from its IPO price and a 46% drop from its all-time high, signaling weakness in AI-related equities despite his view that the underlying technology remains sound.