China’s AI chip stocks face crucial test as MetaX lock-up period expires

China's AI chip stocks, particularly MetaX Integrated Circuits, are facing a crucial test as a lock-up period expires on Thursday. This lock-up period affects 14 million shares, and analysts expect significant selling pressure when these restricted shares are released for trading. The situation is significant because a similar lock-up period expiry for fellow AI chip firm Moore Threads last week led to a massive sell-off, resulting in a substantial loss of nearly 49 billion yuan. This could potentially impact the overall market and economy.

Why it matters

The expiration of the lock-up period may lead to a massive sell-off of MetaX shares, causing a decline in the stock price. This could have a negative impact on investor sentiment and confidence in the AI chip sector.

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MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to South China Morning Post. For information only — not financial advice.