公开资料显示，基于自研的MUSA架构，摩尔线程率先实现了在单芯片架构上同时支持AI计算加速、图 形渲染、物理仿真以及超高清视频处理所需计算能力的突破。 每经编辑｜杜宇 12月12日，"国产GPU第一股"摩尔线程（SH688795）早盘大幅走低，盘中一度跌近20%，股价回落至 800元下方。 截至发稿，摩尔线程报820.01元，跌幅12.87%，成交金额超48亿元，最新市值3854.3亿元。 | | 摩尔线程-U œ | | | | --- | --- | --- | --- | | | 688795 释朗 图 图 图 | | | | 820.01 'E | 880.00 | 市值 3854.3亿 量比 | 3.90 | | 保 | 758.00 | 流通 240.94亿 换 | 19.85% | | -121.07 -12.87% 开 | 879.00 | 市盈™ 亏损 额 | 48.34亿 | | 阿存假 博能 | 同花顺个股人气排名7/4284 ↓ 1 | | | | સ્ત્ર B4 | 日K 周K 月K 五日 | 重多v | | | 均价:828.71 最新:820.01 -121.07 -12.87 ...

截至发稿，沪指报3858.85点，跌0.37%，深成指报13137.20点，跌0.08%，创指报3154.09点，跌0.30%。 盘面上，贵金属、电网设备、可控核聚变板块涨幅居前；零售、免税店、元件板块跌幅居前。 来源：股市直击 12月12日消息，指数早盘走弱，三大股指悉数翻绿。板块方面，白酒板块直线走强，酒鬼酒涨超5%； 贵金属板块持续拉升，晓程科技盘中涨超10%；商业航天概念延续涨势，华菱线缆、中超控股2连板， 东方通信、长城电工涨停；储能板块反复走强，中能电气、富信科技等多股涨超10%；下跌方面，零售 板块持续走弱，茂业商业、东百集团逼近跌停；CPO板块冲高回落，超声电子跌停；创新药板块震荡走 低，悦康药业跌超10%；半导体板块下挫，摩尔线程跌超10%。总体来看，两市个股涨多跌少，上涨个 股超3200只。 ...

#摩尔线程走弱#【A股开盘｜沪指跌0.1% 有色金属普涨】三大股指开盘涨跌不一，沪指跌0.1%，深成 指涨0.21%，创业板指涨0.29%。摩尔线程、电商、GPU、CPO、6G概念股走弱；有色金属行业普涨， 锂矿、黄金涨幅居前。（第一财经） ...

摩尔线程股价一度下跌19%。 ...

Core Viewpoint - The stock price of Moer Thread (688795), known as the "first domestic GPU stock," experienced a significant decline, dropping over 15% and falling below the 800 yuan mark shortly after a risk warning announcement was issued by the company [1][3]. Group 1: Stock Performance - Since its listing on December 5, Moer Thread's stock price surged by 723.49% over five trading days, reaching a closing price of 941.08 yuan on December 11, with a market capitalization exceeding 442.3 billion yuan [3]. - On December 11, the stock price increased by 28.04% in a single day, with a trading volume of 12.448 billion yuan and a turnover rate of 51.44%, indicating high market activity [3]. Group 2: Risk Warning Announcement - The company issued a risk warning on December 11, highlighting that its stock price had risen significantly compared to the Sci-Tech Innovation Index and the Sci-Tech 50 Index, with recent three-day increases of 5.73%, 16.98%, and 28.04% [3]. - The announcement cautioned about the potential for a rapid decline due to excessive short-term price increases and irrational speculation [3]. Group 3: Financial Performance and Valuation - As of December 11, the company's static price-to-earnings ratio was negative, while its price-to-sales ratio was 1008.84, significantly higher than the industry average of 11.76 [5]. - For the period from January to September 2025, the company reported revenues of 785 million yuan and a net loss of 724 million yuan, with an expected annual net loss ranging from 1.168 billion to 730 million yuan [5]. Group 4: Future Prospects - Moer Thread plans to hold its first MUSA Developer Conference from December 19 to 20, where it will unveil a new generation of GPU architecture and related products, although these developments are not expected to have a significant short-term impact on financial performance [5]. - The company acknowledged that its new products have not yet generated revenue and face uncertainties in certification, customer onboarding, and mass production, which could adversely affect future performance [5].

12月12日，摩尔线程早盘大幅走低，盘中一度跌超15%，股价回落至800元下方。截至发稿，现报 815.99元/股，跌13.29%。 12月11日晚，摩尔线程发布股票交易风险提示公告。公司提示，截至目前，公司生产经营情况正常，内 外部经营环境未发生重大变化，内部生产经营秩序正常，不存在影响公司股票交易价格波动的重大事 宜，不存在应披露未披露的重大信息。 12月11日晚，摩尔线程发布股票交易风险提示公告。公司提示，截至目前，公司生产经营情况正常，内 外部经营环境未发生重大变化，内部生产经营秩序正常，不存在影响公司股票交易价格波动的重大事 宜，不存在应披露未披露的重大信息。 摩尔线程在公告中表示，公司目前新产品和新架构均处于在研阶段，新产品尚未产生收入，产品实现销 售尚需要经过产品认证、客户导入、量产供货等环节，均存在不确定性。此外，公司将于近期召开首届 MUSA开发者大会，预计短期内对公司经营业绩不会产生重大影响。 摩尔线程于2025年12月5日在上海证券交易所科创板上市，截至12月11日，公司股票收盘价格较发行价 格涨幅为723.49%。其中，摩尔线程12月11日当日涨幅超28%。 摩尔线程表示，公司股票价格 ...

09:34 摩尔线程跌超15% 摩尔线程早盘大幅走低，盘中跌超15%，股价回落至800元下方。 09:33零售板块短线走低，东百集团、永辉超市跌停，中百集团、三江购物、美凯龙、广百股份、国光 连锁等跟跌。 09:32北证50指数跌幅扩大至1%，现报1427.92点。 09:25港股黄金股走强，紫金矿业涨超3%，灵宝黄金涨3.23%，中国白银集团涨2.90%。 09:25 A股开盘丨三大指数涨跌不一 2025.12.12 本文字数：561，阅读时长大约1分钟 作者 |一财阿驴 09:22 港股开盘丨恒生指数高开0.9% 恒生指数高开0.9%，恒生科技指数涨1.02%。紫金矿业、京东健康涨逾3%，蔚来涨逾2%。 | HSTECH | 恒生科技 | mi | 56.56 | 1.02% | | --- | --- | --- | --- | --- | | મટા | 恒生指数 | ma | 230.90 | 0.90% | PS：家人们！ 沪指低开0.10%，深成指高开0.21%，创业板指高开0.29%。 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | ...

Core Viewpoint - The stock of Moore Threads (688795) experienced a significant drop of over 15% after a previous surge of approximately 28%, indicating volatility in its stock performance [1][2] Group 1: Stock Performance - The stock price fell below 800 yuan after reaching a peak of 941.08 yuan per share [1] - The company warned that the recent stock price increase was significantly higher than related indices, suggesting potential short-term risks of a price correction [1] Group 2: Financial Performance - For the period of January to September 2025, the company reported revenues of 785 million yuan and a net loss attributable to shareholders of 724 million yuan [2] - The company anticipates a net loss for 2025 to be between 1.168 billion yuan and 730 million yuan, indicating potential challenges in achieving profitability [2] Group 3: Product Development and Market Position - The company is focused on maintaining high R&D investment and product iteration based on its self-developed MUSA architecture, but it faces challenges compared to international competitors in terms of R&D strength and technology accumulation [2] - New products and architectures are still in the research phase, and revenue generation will require time due to necessary certification, customer onboarding, and mass production processes [2]

摩尔线程跌幅扩大至15%，股价下破800元关口，成交额超13亿元。 ...

Market Performance - The A-share market showed mixed performance with the Shanghai Composite Index down by 0.1% at 3869.41 points, while the Shenzhen Component Index rose by 0.21% to 13174.45 points, and the ChiNext Index increased by 0.29% to 3172.73 points [1] Sector Performance - The sectors that weakened included Moer Thread, e-commerce, GPU, CPO, 6G, and cross-strait integration concept stocks. In contrast, the non-ferrous metals industry saw a general increase, with lithium and gold leading the gains [1] Stock Movement - According to Wind statistics, there were 2156 stocks that rose, 2378 stocks that fell, and 919 stocks that remained flat across the two markets and the Beijing Stock Exchange [2] Monetary Policy - The central bank conducted a 120.5 billion yuan 7-day reverse repurchase operation with an interest rate of 1.4%. On the same day, 139.8 billion yuan in reverse repos matured, resulting in a net withdrawal of 19.3 billion yuan [2] Margin Trading - The margin trading balance in the two markets decreased by 6.394 billion yuan, totaling 248.2437 billion yuan [2] Currency Exchange - The central parity rate of the RMB against the USD was reported at 7.0638, an increase of 48 basis points [3]