Biwin and Moore Threads shares plunge over 10% despite strong third-quarter revenue
AIShares of Biwin Storage Technology and Moore Threads each fell more than 10% in Shanghai trading on Thursday, reversing Wednesday's gains of 8.4% and 5.8%. The drop came amid a broader rout in mainland tech stocks, with the Star 50 index down more than 4%, even though both companies reported blockbuster third-quarter revenue driven by AI demand.
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South China Morning Post · Tech · Howard Liu · scmp.comPublished · added here
Original title: Google supplier Biwin, GPU leader Moore Threads see stocks plunge despite revenue surge