Data compiled by Woofun AI shows Horizon Robotics (02513.HK) will experience a substantial expansion in tradable shares on July 8, when cornerstone investors unlock approximately 25.68 million units. This event increases the circulating float from 17.35 million to roughly 43.03 million shares, representing a 2.5-fold surge that alters the immediate supply-demand dynamics for the chipmaker’s equity.

The valuation disparity remains stark, with Horizon Robotics trading at a Price-to-Sales ratio of approximately 1280x against an estimated $100 million revenue for 2025. In contrast, OpenAI operates at a roughly 56x multiple. Even incorporating JPMorgan’s forecast of 534% revenue growth in 2026, applying comparable multiples suggests a 'reasonable' market capitalization significantly below current levels, indicating that present pricing relies heavily on scarcity and speculative sentiment rather than fundamental earnings power.