Google supplier Biwin, GPU leader Moore Threads see stocks plunge despite revenue surge
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…
Read original article on News - South China Morning Post →Related news
-
How Flavio Bolsonaro pulled off a clandestine escape to the US
Politics
Government
Brazil
-
North Korea fires missile barrage days after rejecting South’s border talks
War & Defense
Armed Conflict
North Korea
-
Hegseth fires Pentagon’s top military planner as Trump weighs new Iran strikes
War & Defense
Military
United States
-
Why US allies in Middle East are accelerating direct talks with Iran
International
Diplomacy
Iran
-
Hello Kitty owner Sanrio scraps Japanese TV show Vivant deal over China backlash
Business
Corporate
Japan
-
Tesla owners in South Korea lose legal battle over full self-driving promises
Technology
South Korea
-
Brussels wants industry to ditch Chinese suppliers. Businesses are pushing back
International
Trade Relations
Europe
-
No tricks: Japan steps up police patrols, tightens alcohol limits for Halloween
Culture & Lifestyle
Travel
Japan