Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Technology › Chinese Tech Stocks Sink Even as Chipmaker Sales Surge 1,800%
Technology

Chinese Tech Stocks Sink Even as Chipmaker Sales Surge 1,800%

Bloomberg Markets Thursday 29 October 2026, 04:29 UTC By Bloomberg News 1 min read
Key Points

Chinese Tech Stocks Sink Even as Chipmaker Sales Surge 1,800% Chinese tech hardware shares tumbled as eye-popping quarterly results at some companies failed to offset persistent concerns over fundamentals and weak global AI sentiment. The chip-heavy STAR 50 Index dropped as much as 4.6% on Thursday after gaining 2.5% in the previous session. Artificial intelligence chipmaker Moore Threads Technology Co. plunged as much as 13% even after sales surged nearly 1,800% on-year in the three months...

Chinese Tech Stocks Sink Even as Chipmaker Sales Surge 1,800% Chinese tech hardware shares tumbled as eye-popping quarterly results at some companies failed to offset persistent concerns over fundamentals and weak global AI sentiment. The chip-heavy STAR 50 Index dropped as much as 4.6% on Thursday after gaining 2.5% in the previous session. Artificial intelligence chipmaker Moore Threads Technology Co. plunged as much as 13% even after sales surged nearly 1,800% on-year in the three months through September. Memory chip producer Biwin Storage Technology Co. slid 14%.
Chinese Tech Stocks Sink Even (ORG) Chipmaker Sales Surge (ORG) Chinese (ORG) Moore Threads Technology Co. (ORG) Biwin Storage Technology Co. (ORG)
Originally published by Bloomberg Markets Read original →

Related Stories

Google's Gemini 4 Carbon looks like a diamond in the rough

Just two weeks after launching Gemini 4 Argon, Google has announced a better-performing version of the model that it will sell for the same price, at least temporarily. Koray Kavukcuoglu, SVP at Google DeepMind and chief AI architect at Google, said Gemini 4 Carbon represents the company's strongest model yet, particularly in terms of cybersecurity and long-running tasks. There's some irony in the name "Carbon", given the Chocolate Factory plans a carbon-dioxide-free future.

The Register 17m ago

Jio Platforms Adds $36 Billion in Value After India IPO Surge

Jio Platforms Adds $36 Billion in Value After India IPO Surge Jio Platforms Ltd. has added almost $36 billion in market value in two trading sessions, extending its blistering run after India’s biggest-ever initial public offering and underscoring investor appetite for direct exposure to the telecom and digital-services giant. Shares of Reliance Industries Ltd.’s unit jumped as much as 5.1% Thursday, building on a nearly 27% surge in their trading debut. The gains lifted Jio’s market value...

Bloomberg Technology 34m ago

Boffin's software found a possible dwarf planet - a result so rare he thought it must be a bug

A scientist working on data gathered by the Rubin Observatory has found a strong candidate for our solar system’s sixth known dwarf planet. The Observatory is run by the USA’s National Science Foundation and Department of Energy, who built it on a remote hilltop in Chile and equipped it with the 3200-megapixel Legacy Survey of Space and Time (LSST) Camera, which came online in June 2026.As explained in a Tuesday announcement, Rubin Operations team member and project contributor Matthew...

The Register 40m ago

The great EU-Canada lovefest

Listen on Spotify Apple Music Amazon Music European leaders are descending on Montreal in a bid to forge closer ties with Canada. On today’s show, host Zoya Sheftalovich catches up with Sarah Wheaton, who’s on the ground at the EU-Canada summit. They unpack what the talks could actually deliver — from defense and critical raw materials to space and AI — and the Trump-shaped shadow hanging over it all.

Politico EU 41m ago