Chinese chip stocks slide despite Moore Threads 1,800% sales surge

The STAR 50 Index dropped as much as 4.6% on Thursday after gaining 2.5% in the prior session.
Moore Threads Technology plunged as much as 13% even after sales surged nearly 1,800% on-year in the three months through September.
Biwin Storage Technology slid 14% after a more than 500% jump in profit.
Bloomberg AI attributes the selloff to persistent concerns over fundamentals and weak global AI sentiment rather than the quarterly results.

Sources