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Google supplier Biwin, GPU leader Moore Threads see stocks plunge despite revenue surge

Google supplier Biwin, GPU leader Moore Threads see stocks plunge despite revenue surge
South China Morning Post Thursday 29 October 2026, 05:35 UTC By Howard Liu 1 min read
Key Points

Shares of Chinese semiconductor suppliers Biwin Storage Technology and Moore Threads tumbled on Thursday alongside a broader rout in mainland technology stocks, despite blockbuster third-quarter revenue driven by strong artificial intelligence demand. Both stocks plunged more than 10 per cent during Thursday morning trading, reversing Wednesday’s rallies of 8.4 per cent for Biwin and 5.8 per cent for Moore Threads. The tech-heavy Star 50 index in Shanghai also dropped more than 4 per cent,...

Shares of Chinese semiconductor suppliers Biwin Storage Technology and Moore Threads tumbled on Thursday alongside a broader rout in mainland technology stocks, despite blockbuster third-quarter revenue driven by strong artificial intelligence demand. Both stocks plunged more than 10 per cent during Thursday morning trading, reversing Wednesday’s rallies of 8.4 per cent for Biwin and 5.8 per cent for Moore Threads. The tech-heavy Star 50 index in Shanghai also dropped more than 4 per cent,... [Image text:] MOORE THREADS MOORETH JCLS
Biwin (LOCATION) GPU (ORG) Moore Threads (PERSON) Chinese (ORG) Biwin Storage Technology (ORG) Shanghai (LOCATION)
Originally published by South China Morning Post Read original →

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