北京商报讯（记者 马换换 李佳雪）12月11日，摩尔线程（688795）盘中一度涨近30%，突破900元/股 整数关口，截至收盘，公司股价报941.08元/股，总市值4423亿元。 交易行情显示，12月11日，摩尔线程小幅低开0.82%，开于729元/股，开盘后公司股价迅速走高，盘中 一度涨近30%，截至收盘，公司股价收涨28.04%，收于941.08元/股，总市值4423亿元。 ...

Core Viewpoint - Moore Threads (688795) experienced a significant stock surge, rising nearly 28% to surpass the 900 yuan mark, reaching a new high since its listing [1] Group 1: Stock Performance - As of the latest report, the stock is up approximately 24%, with trading volume exceeding 12 billion yuan [1] Group 2: Upcoming Developments - On December 9, the company announced plans to unveil a new generation GPU architecture, which will include a comprehensive product system, core technologies, and industry solutions [1] - The first MUSA Developer Conference (MDC 2025) will take place from December 19 to 20 in Beijing, focusing on the MUSA unified system architecture and showcasing the company's full-stack capabilities and ecosystem progress [1] - The main forum of the conference will emphasize the core engine driving digital transformation across various industries—intelligent computing power [1] - Zhang Jianzhong, the founder, chairman, and CEO of Moore Threads, will present a systematic overview of the full-stack development strategy centered around MUSA and the company's future vision, along with the new GPU architecture and industry solutions [1]

Core Viewpoint - The successful IPO of Moore Threads, a leading domestic GPU company, marks a significant milestone in the high-end computing sector in China, with its stock price soaring dramatically on its debut, reflecting strong market interest in domestic technology firms [1][2]. Group 1: Company Performance - Moore Threads debuted on the STAR Market on December 5, with an initial price of 114.28 yuan, experiencing a staggering 468% increase on the first day, reaching a peak market capitalization of 277.6 billion yuan [1]. - As of midday trading on the same day, the stock price rose by 19.37% to 750 yuan, surpassing its initial high and achieving a total market value exceeding 352.5 billion yuan [1]. - The company plans to hold its first MUSA Developer Conference on December 19-20, where it will unveil its full-stack development strategy and new GPU architecture [1]. Group 2: Industry Context - The IPO of Moore Threads has ignited investment enthusiasm in the GPU sector, especially against the backdrop of NVIDIA and AMD dominating over 90% of the global high-end GPU market [2]. - The company aims to raise 8 billion yuan through its IPO, with funds allocated for various R&D projects, including AI training chips and graphics chips [2]. - Other domestic GPU companies, such as Nuxi Technology and Aonray Micro, are also in the process of going public, indicating a broader trend of increasing IPO activity in the tech sector [2][3]. Group 3: Market Outlook - The global GPU market is projected to reach 3.61 trillion yuan by 2029, with China's market expected to grow to 1.36 trillion yuan, increasing its share from 30.8% in 2024 to 37.8% by 2029 [3]. - Analysts suggest that domestic GPU companies will benefit from IPO fundraising to alleviate high R&D costs and enhance their technological capabilities, thereby improving the overall GPU industry ecosystem [3].

Market Overview - The total trading volume in the Shanghai and Shenzhen markets reached 1.86 trillion yuan, an increase of 78.6 billion yuan compared to the previous trading day, with over 4,300 stocks declining across the market [1][9] - The three major A-share indices closed lower, with the Shanghai Composite Index down 0.7%, the Shenzhen Component Index down 1.27%, and the ChiNext Index down 1.41% [1][2] Sector Performance - Real estate, retail, cultural media, and communication equipment sectors experienced significant declines, while sectors such as nuclear power, wind power, and new stocks showed strength [3] - The CPO, cross-strait integration, duty-free shops, e-commerce, computing hardware, and AI application themes all faced pullbacks [3] Notable Stocks - Stocks such as Tianli Composite, Hahai Huaton, and Changpu Co. saw increases of 30%, 15.15%, and 12.01% respectively, indicating strong performance in specific sectors [4] - Conversely, stocks like Deyi Culture and China Wuyi faced declines of 13.38% and 10.09% respectively, highlighting volatility in certain areas [6] Capital Flow - Main capital flows showed net inflows into wind power equipment, aerospace, and energy metals, while sectors like semiconductors, media, and real estate saw net outflows [11] - Specific stocks such as Goldwind Technology, Yongding Co., and Snowman Group received net inflows of 1.106 billion yuan, 888 million yuan, and 732 million yuan respectively [11] Institutional Insights - HuLong Securities indicated that the continuation of positive policies through 2026 is expected to support the market's fundamentals [12] - Everbright Securities noted that the upcoming significant meeting in December could create favorable conditions for a market rebound [12] - Wanlian Securities highlighted that the current PB valuation of the brokerage sector is at a near ten-year low, suggesting potential for valuation recovery [12]

Core Viewpoint - The company, Nanji Guang (300940.SZ), is currently not supplying product components to Moer Thread and emphasizes its focus on the research, production, and sales of backlight display modules, which are applied in various fields such as gaming, tablets, industrial control, and automotive displays [1] Group 1: Business Focus - The company specializes in the research, production, and sales of backlight display modules [1] - Its products are primarily used in gaming, tablets, industrial control devices, and automotive displays [1] Group 2: Strategic Development - The company is actively promoting a "dual-track" development strategy, focusing on both deepening its existing advantageous areas and exploring new emerging application scenarios related to display technology [1] - The company aims to enhance product competitiveness and customer loyalty while steadily expanding its product matrix and market layout [1] Group 3: Future Outlook - The company plans to leverage its technological accumulation and manufacturing capabilities to steadily advance business extension and transformation upgrades [1] - The goal is to create sustainable value for investors [1]

微信编辑：夏木 C摩尔-U ▼ 688795 新 成 ET | 938.70 市值 4406.3亿 量比 1.01 937.46 在 流通 275.45亿 换 47.16% 701.33 202.46 27.55% 开 729.00 市盈™ 亏损 额 112.94亿 同祥顺 异动解读:新一代GPU+AI芯片+国产GPU。 ... ● × 博诺 分时 日Ｋ 周Ｋ 月Ｋ 五日 更多▼ 均线▼ 日线 M5:699.10 M10 -- M20 -- M30 -- 前复权 筹码 - 938.70 955.93 -- 851.64 747.35 43.06 > /556.00 2025-12-05 11 成交量 ▼ 量:13.86万 M5:14.71万 M10 -- 换手率:47.16% 摩尔线程上市第五日，持续拉升涨超27%，股价突破900元，股价现居A股第三，仅次于贵州茅台与寒 武纪，截至14:41，总市值突破4400亿元。 封图：AI生成 ...

| C摩尔-U(日线,前复权) * 3 MA MA5:693.612 ↓ | 设置均线。 | | | --- | --- | --- | | 910.00 +23.81% | 2025/12/5-2025/12/11(5根) ★ | | | 910.00 | | 910.00 | | | | 851.00 | | | | 792.00 | | | | 733.00 | | | | 674.00 | | | | 615.00 | | 556.00 | | 556.00 | | VOL(5,10) VOLUME:127110.670 ↓ MAVOL1:144781.658 ↓ | 加指标 换指标 * 8 | 25.1万 | | | | 0.00 | MACD金叉信号形成，这些股涨势不错！ 格隆汇12月11日｜摩尔线程-U(688795.SH)上市第五日，股价突破900元，位居A股第三，仅次于贵州茅台与寒武纪，总市值突破4200亿元。 ...

转自：证券时报 人民财讯12月11日电，12月11日午后，摩尔线程股价进一步走高，截至发稿，盘中股价突破900元，最 高一度达到930.9元，如果投资者中签摩尔线程新股且能持有至今，按今天盘中最高价计算，单签浮盈 将超过40万元。 ...

人民财讯12月11日电，摩尔线程涨超22%股价站上900元，成交额超100亿元，总市值超4200亿元。 （原标题：摩尔线程涨超22%股价站上900元） ...

每经AI快讯，12月11日，摩尔线程持续拉升涨超22%，股价突破900元大关续创历史新高。 （文章来源：每日经济新闻） ...