China's Moore Threads: AI Chipmaker's Volatile Market Debut
Update: 2025-12-05
Description
Chinas Moore Threads, dubbed Chinas Nvidia, sees its stock price skyrocket by over five hundred percent on its first day of trading, raising one point one billion dollars. Founded by a former Nvidia executive, the Beijing-based company designs GPUs, aiming to rival Nvidias dominance in AI. Despite its impressive debut, Moore Threads was added to the US Entity List in 2023, and its revenues are significantly lower than Nvidias. The companys high valuation comes amidst volatile global stock markets, with Nvidia itself experiencing a ten percent drop from its peak.
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