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.
Chinese AI chipmakers' stocks fall despite revenue surge | Split Angle