Moore Threads Technology Soars to Record High with Market Cap Exceeding 350 Billion Yuan

Deep News12-10 11:31

During early trading on December 10, the three major A-share indices declined. At press time, the ChiNext Index fell 0.52%, the Shanghai Composite Index dropped 0.55%, and the Shenzhen Component Index dipped 0.15%. Sectors including AI applications, computing hardware, consumer electronics, and photovoltaics led the losses.

The humanoid robot concept showed repeated activity, with Jindao Technology hitting a 20% limit-up, while Meili Technology, Lixing Shares, Zhejiang Rongtai, and Sanhua Intelligent Control followed suit. Earlier, Ubtech Robotics announced signing a humanoid robot sales contract worth over 50 million yuan with a leading domestic AI large model company.

Hainan-related stocks continued their upward trend, with Hainan Ruize and Hainan Expressway both reaching limit-up, while Luoniushan earlier hit limit-up. Shennong Seed Industry surged over 12%, followed by New Continent A and Kangzhi Pharmaceutical.

Photovoltaic concept stocks fluctuated downward during the session, with Hongyuan Green Energy touching limit-down, alongside declines in Daqo New Energy, Canadian Solar, Tongwei Co., GCL System Integration, and Hoshine Silicon.

Notably, Moore Threads Technology (688795) surged during trading to a record high. At press time, shares rose 19.34% to 749.8 yuan per share, bringing its total market capitalization to 352.4 billion yuan.

According to Moore Threads' official WeChat account, its inaugural MUSA Developer Conference will be held at Beijing's Zhongguancun International Innovation Center from December 19-20. Founder, Chairman, and CEO Zhang Jianzhong will systematically outline the company's full-stack development strategy centered on MUSA, unveil a next-generation GPU architecture, and introduce comprehensive product systems, core technologies, and industry solutions while sharing implementation cases across multiple fields and ecosystem progress.

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