Jinlongyu's stock price skyrocketed three times after going public in 2020, with a market value approaching 800 billion.

At that time, the entire market was hyping consumer stocks, and before Jinlongyu, Haitan Weiye was driven up to nearly 800 billion in market value.

Now, after the peak, Jinlongyu's market value has fallen to less than 20%, and Haitan has also dropped to about 30%.

It is estimated that after the hype subsides, Moore's maximum decline will be between 80% and 95%.

Moore's IPO was heavily speculated because of the precedent set by Cambrian.

The two biggest issues are that there are still many competitors domestically, and they are not technologically so advanced as to be irreplaceable and unique in China.

They have no comparability with Dazi and Broadcom.

They are several orders of magnitude behind AMD.

Moore Thread was founded in June 2020. If a startup like Moore can succeed so quickly in just a few years, it only shows that the barriers to chip technologies like GPU and ASIC are not high, but that is not the case.

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