Moore Threads Stock Hits 20% Daily Limit Down Following Share Unlock

Chinese GPU designer Moore Threads saw its stock hit the daily 20% lower price limit on Shanghai's STAR Market following the unlock of 25.77 million restricted shares. The sharp drop pushed the company's stock price to a new post-IPO low and dropped its market valuation below 200 billion RMB. The market reaction underscores how share lock-up expirations can trigger temporary volatility for high-profile domestic semiconductor companies. Despite the market drop, Moore Threads continues to expand rapidly, reporting strong revenue growth and plans for a secondary HKEX listing to fuel its AI hardware development. The newly unlocked shares represent 5.48% of total share capital following a mandatory 9-month lock-up period after its December 2025 listing. Financial disclosures reveal that Moore Threads achieved H1 2026 revenue of 1.736 billion RMB (up 147.42% year-over-year) while significantly narrowing its net loss by 95.73% to 11.56 million RMB.