Business2 sources
Chinese AI chipmakers' stocks fall despite revenue surge
- Biwin Storage Technology and Moore Threads experienced a stock plunge of over 10% on Thursday.
- Both companies reported a revenue surge in Q3, with Moore Threads seeing a 1,774% increase.
- The stock decline occurred despite strong AI hardware demand and positive financial results.
- Biwin's shares had rallied by 8.4% the previous day, while Moore Threads' had risen by 5.8%.
- The broader mainland technology stock market also saw a downturn on Thursday.