Core Viewpoint - The recent surge in the stock price of domestic GPU giant Muxi Co., Ltd. highlights the growing interest and investment in the semiconductor industry, particularly in high-performance GPU technology, amidst a capital market boom in A-shares [2][3]. Group 1: Stock Performance - Muxi Co., Ltd. opened with a staggering increase of 568.83%, reaching a price of 700 CNY per share, resulting in a total market capitalization of 280.1 billion CNY [2]. - The stock performance of Muxi Co., Ltd. follows the listing of another GPU company, Moer Thread, which saw a first-day closing price of 600.5 CNY per share, marking a 425.46% increase [2]. Group 2: Institutional Investment - The offline allocation of Muxi Co., Ltd. shares was heavily concentrated among A-class institutions, with their subscription amount accounting for 85.83% of the total effective offline subscriptions, and they received 98.04% of the total offline issuance [2]. - A total of 94 public funds collectively received 13.39 million shares, representing over half of the allocation, with an approximate investment amount of 1.402 billion CNY [2]. Group 3: Company Background and Financials - Muxi Co., Ltd., founded in September 2020 and headquartered in Shanghai, is a rare "full-stack GPU" design and production company, focusing on high-performance general-purpose GPU chips and solutions for AI computing, data centers, cloud computing, and autonomous driving [3]. - Despite its promising technology, Muxi Co., Ltd. is currently operating at a loss, with projected revenues of 426,400 CNY in 2022, 53.02 million CNY in 2023, and 743 million CNY in 2024, while net losses are expected to be 777 million CNY, 871 million CNY, and 1.409 billion CNY respectively [3].

上市首日，公司股价表现极为强劲，开盘即暴涨568.83%，报700元/股。盘中最高触及895元/股，涨幅一度超过700%。截至收盘，股价报829.9元，涨幅达 693%，总市值达到3320亿元，均超过摩尔线程上市首日（425%，2823亿）。 | | | 买1829.90 明细 ▼ | 542 | | --- | --- | --- | --- | | | | 14:56829.00 | 31 | | | | 14:56828.88 | 28 | | -104.66 -- | -0.00%- | 14:56829.00 | 39 | | | | 14:56828.88 | 29 | | | | 14:56829.00 | 40 | | | | 14:56829.00 | 37 | | | | 14:56829.90 | 34 | | | | 14:56829.13 | 26 | | | | 14:56829.00 | 13 | | 09:30 | 11:30 15:00 | | | | | | 14:56829.99 | 43 | 对比前期暴涨的"国产GPU第一股"摩尔线程已经开始进入调整阶段，本日之前已经连 ...

2025.12. 17 本文字数：892，阅读时长大约1分钟 来源 | 综合财联社、 第一财经 第一财经持续追踪财经热点。若您掌握公司动态、行业趋势、金融事件等有价值的线索，欢迎提供。 专用邮箱： bianjibu@yicai.com N沐曦-U(688802) W 交易中 12-17 13:23:49 科 融 800.00 额 96.74亿 股本4.00亿 市盈-329.0 万得 盘口 +695.34 +664.38% 换 73.96% 市值13201亿 市净 23.81 分时 n a manufacturer in the seen the state of the seen the seen the seen the seen the seen the seen the seen the seen and the seen and the seen an 日K [0] 异动提示:主力撤卖> 즐加 | 盘口| 资金 -- 755.15% 卖5 805.00 895 00 J s 4 7 803.04 802.00 1 3 s 22 2 800.20 65 800.02 104.66 -0.00% 卖1 式 ...

Core Insights - Muxi Co., Ltd. has officially listed on the A-share market on December 17, 2023, with an issue price of 104.66 yuan per share, becoming the "second domestic GPU stock" and "the second most expensive new stock of the year" [1] - On its first trading day, the stock price surged, reaching a maximum increase of over 750%, peaking at 895 yuan, with a market capitalization exceeding 350 billion yuan [1] - The stock's initial subscription rate was significantly lower than that of its competitor, Moer Technology, indicating a higher difficulty in obtaining shares [1] Subscription and Allocation - The offline allocation of Muxi Co., Ltd. was heavily concentrated among Class A institutions, which accounted for 85.83% of the total effective subscription amount, with a final allocation share of 98.04% of the offline issuance total [2] - Among the top institutional investors, Yifangda received 1.94 million shares (approximately 203 million yuan), followed by Southern Fund with 1.86 million shares (approximately 195 million yuan) [2] Company Background and Financials - Muxi Co., Ltd. was founded in September 2020 and is a rare "full-stack GPU" design and production company in China, focusing on high-performance general-purpose GPU chips and solutions [3] - The company has reported losses since its inception, with projected revenues of 426,400 yuan, 53.02 million yuan, and 743 million yuan for 2022 to 2024, while net losses are expected to be 777 million yuan, 871 million yuan, and 1.409 billion yuan respectively [3] - As of the first three quarters of 2025, the company achieved a revenue of 1.236 billion yuan but still reported a net loss of 346 million yuan [3]