ðŸ‡ðŸ‡° English, 29 October 2026, AI demand
Chinese semiconductor suppliers' stocks plunge despite revenue surge
Shares of Biwin and Moore Threads tumbled despite strong artificial intelligence demand driving third-quarter revenue.
The market retreat overshadows eye-catching earnings, as investors weigh near-term margin pressures against long-term AI promises.
Shares of Chinese semiconductor suppliers Biwin Storage Technology and Moore Threads tumbled on Thursday alongside a broader rout in mainland technology stocks.
The tech-heavy Star 50 index in Shanghai also dropped more than 4 per cent, deepening a slide that had already seen the bourse lose more than 40 per cent of its value from a July peak as of Wednesday’s close.