#UnitreeJumpsNearly12% $UNITREE #ShareWeekly

Unitree jumped as much as 12% to about RMB 735, and the usual question is whether this is a new wave for humanoid robots or just another volatile day. I’ll answer it by letting the bull and the bear speak first, then checking the numbers.

What set it off

A research paper from Apple’s team described a robot control system that was tested on Unitree’s G1 humanoid. It reached an average success rate of 91% across 360 trials in six environments the robot had never seen. Physical AI and humanoid names rallied together in China, and a few hit their daily limit up. Another catalyst is a joint venture involving Unitree that is in a public announcement window through November 13.

The bull case

The paper shows Unitree’s hardware is becoming a default test platform for embodied AI research, and that is a real credibility signal. Physical AI is also a way to stay in the AI story while the US chip and data center trade is under pressure. The rally even came as Hong Kong stocks were buying dips after a week of deep losses on AI slowdown worries.

The bear case

A research paper is not a purchase order. It tells us a robot was used in a test, not that anyone is buying thousands of them. The stock is also priced at around 574 times trailing earnings, according to one report. Unitree’s own breakdown for 2024 showed about 65% of sales from quadruped robots and 30% from humanoids, so the market is paying a humanoid price for a business that is still mostly something else.

The numbers that decide it

The prior close works out to about RMB 656, so a 12% move added roughly RMB 78 per share in one morning. At 574 times earnings, the earnings yield is about 0.17%. For the stock to fall to a still rich 100 times at today’s price, earnings would have to grow almost six times, by my math. That doesn’t mean it can’t happen, but it shows how much future is already in the price. Prices like this move on stories, and stories can reverse in a day.

The chart

My Unitree chart is in dollars. It shows 105.13, which lines up with RMB 735 at roughly 7 yuan per dollar, so the two match. Resistance is at 107.88, only 2.6% above. RSI is about 78, which is overheated. Below, the nearest marked levels are 81.35 and 78.63, which are 22.6% and 25.2% lower. That is a huge gap with nothing marked in between. From my support line at 78.63, price is up about 34%. When a chart has this much empty space under it, a pullback can travel far before it finds a floor.

How I’d judge whether the momentum is real

First, I’d want to see volume stay high on pullbacks, not only on spikes. Second, I’d watch the other robotics names, because if only Unitree moves, it is a one stock story, and if the whole group holds gains, it looks more like a theme. Third, I’d wait for actual orders or customer announcements, since that is what separates a research headline from revenue. The joint venture announcement window ends November 13, so that is the first date to watch.

My take: it is both. The theme is real, but the price is running ahead of the proof, and a single research paper is thin evidence for a 574 times valuation. I’m not chasing a stock with RSI near 78 and no support for over 20%. I’d treat any pullback toward the 80s as more interesting than the highs.

Not financial advice.

Do you see this as the start of a new physical AI wave, or a high volatility trade that will fade? And what would you need to see to believe it?
@Gate_Square