US EditionChinese Challenger To Nvidia Mints A New Billionaire As Its Stock Soars Over 420% In Trading Debut
Moore Threads raised $1.13 billion in its IPO with shares surging over 420% on debut amid strong demand for AI GPUs and China’s tech self-sufficiency drive.
- On Dec 05, 2025, Zhang Jianzhong joined the billionaire ranks after Moore Threads Technology shares surged over 420% on Shanghai's STAR Market debut following a $1.1 billion offering.
- Amid Beijing's tech push, Moore benefited from China Securities Regulatory Commission approval in four months and backing from HSG, ByteDance, and Tencent amid U.S. export curbs.
- The IPO's retail tranche was oversubscribed, with retail investors securing shares at 114.28 yuan last week, and trading opened at 650 yuan.
- Moore Threads now holds a market value of 276 billion yuan and will channel proceeds into hiring and research and development, analysts say this debut could spur more domestic listings.
- MetaX opens subscriptions on Dec 12, aiming to raise 4.2 billion yuan, as brokerage research projects the domestic GPU market could reach 1.3 trillion yuan by 2029.
34 Articles
34 Articles
At the time of its introduction to the Shanghai Stock Exchange, Chinese chip manufacturer Moore Threads climbed by more than 42%. A danger to its competitor leader Nvidia? ...
Moore Threads, a Chinese manufacturer of state-of-the-art processors capable of replacing those of the U.S. Nvidia, made a triumphal entry to the Shanghai Stock Exchange on Friday, reflecting the hopes raised by the Chinese flea industry from the AI.
Chinese chip firm makes strong stockmarket debut
Shares in a Chinese semiconductor firm founded by an Nvidia alum surged in their opening day of trading, highlighting demand in the world’s second-biggest economy for an alternative to US chipmakers. Moore Threads stocks rose more than fivefold on the Shanghai stock exchange. The firm is among a handful that are at the core of Beijing’s ambitions of weaning itself off American hardware, and particularly cutting-edge chips, the design and manufac…
China Threatens Nvidia With Its Own Company
There has been a long dance between China and the United States over whether Nvidia Corp. (NASDAQ: NVDA) can sell its best chips to the world’s second-largest country by gross domestic product. The process has triggered an insult. Secretary of Commerce Howard Lutnick said the U.S. would only sell China its “fourth best” chips. 24/7 Wall St. Key Points Moore Threads shares rose 500% on their first day of trading on the Shanghai stock exchange. …
The company, founded in 2020, is one of a number of Chinese companies trying to reduce its dependence on the world's largest company, Nvidia.
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