Moore Threads Skyrockets on Debut, China's AI Chip Race Heats Up
Update: 2025-12-05
Description
Moore Threads Explosive Debut: Chinas Semiconductor Sector Surges - The Chinese graphics processing unit maker, often dubbed Chinas Nvidia, saw its shares skyrocket by over 400% on its first day of trading in Shanghai. With a massive $1.1 billion listing, investors showed immense confidence, driving the stock price to over five times its initial public offering price. This surge comes as more Chinese chipmakers enter the AI processor market, aiming to fill the gap left by US restrictions on high-performance graphics processing units. Enflame Technology and Biren Technology are also joining the fray, intensifying competition in the multi-billion dollar market previously dominated by Nvidia. Chinas push for technological independence is evident in its approval of more semiconductor initial public offerings, highlighting the rapidly evolving global technology landscape.
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