Stock Track | Biren Tech Plummets 5.05% Intraday Amid Semiconductor Sector Weakness and Profit-Taking

Stock Track

04/29

Biren Technology's stock plummeted 5.05% during intraday trading on Wednesday.

The decline comes amid broad weakness in the semiconductor sector, with several major chip stocks facing selling pressure. The sector-wide pullback amplified profit-taking momentum in Biren Technology following its sharp multi-day advance.

The stock had previously rallied significantly after the company announced successful adaptation and optimization of DeepSeek-V4 on its flagship GPU BR166 series, as well as completing compatibility work with multiple leading large language models. The recent surge had pushed the stock to a post-IPO high, setting the stage for profit-taking when sector conditions weakened.

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