Core Viewpoint - The stock price of Moer Thread (688795.SH), known as the "first domestic GPU stock," has surged significantly, reaching A-share third place within just five trading days, reflecting a strong market confidence in domestic hard technology companies [2][6]. Group 1: Stock Performance - On December 11, Moer Thread's stock closed at 941.08 CNY per share, up 28.04% for the day, just 59 CNY short of the 1,000 CNY mark [2]. - The stock price increased from the IPO price of 114.28 CNY to 941.08 CNY, representing a staggering rise of 723.49% in only five trading days [6][7]. - The market capitalization of Moer Thread reached 442.3 billion CNY, nearly 14 times its pre-IPO valuation of 29.845 billion CNY [7]. Group 2: Market Dynamics - The IPO attracted significant interest, with 462.17 billion shares applied for on the subscription day, resulting in a low online winning rate of only 0.03635% [4]. - The rapid rise in Moer Thread's stock price has been attributed to both the new stock effect and capital speculation, alongside a broader trend of capital chasing hard technology enterprises [8]. Group 3: Company Overview - Moer Thread focuses on the research, design, and sales of GPUs and related products, aiming to provide computing acceleration platforms for AI, digital twins, and high-performance computing [9]. - The company has developed a full-function GPU based on its self-developed MUSA architecture, enabling simultaneous support for AI computing, graphics rendering, physical simulation, and video processing [2][10]. - As of the first three quarters of 2025, Moer Thread reported revenues of 785 million CNY, a year-on-year increase of 181.99%, while R&D expenses were 861 million CNY [11].
摩尔线程股价5天涨7倍居A股第三 押注全功能GPU前九月投8.6亿研发