Foreign media: The stock price of Chinese GPU manufacturer Moore Threads soared 723% within a week after its listing, rising from an issue price of 114.28 yuan to 814.88 yuan, but the company warned investors that the market may be overheated and there are risks.
Moore Threads listed on December 5, with its stock price surging 425% on the first day, followed by another 57% increase. On December 12, the company issued a statement to the Shanghai Stock Exchange, saying that the rapid rise in stock price may deviate from fundamentals and reminded investors to make cautious decisions.
On Friday, its stock price fell 13%, closing at 814.88 yuan. The sharp rise in Moore Threads' stock price reflects Chinese investors' enthusiasm for technology stocks, which is closely related to China's policy of promoting technological self-reliance and strength.
Original article: toutiao.com/article/1851361221583884/
Statement: This article represents the personal views of the author.