Shares of chipmaker Moore Threads Technology, dubbed China’s Nvidia (NASDAQ: NVDA), rose as much as 502% as it debuted in Shanghai on Friday.
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China chipmaker Moore Threads soars 502% after $1.1 billion IPO
Moore Threads Technology Co., a leading Chinese artificial intelligence chipmaker, surged in its Shanghai trading debut after raising 8 billion yuan ($1.13 billion) in the year’s second-largest …
Chinese AI chip maker Moore Threads makes strong debut after $1 billion IPO
Moore Threads, founded in 2020 by a former Nvidia executive, soared more than fourfold in its first day of trading on Friday after raising over $1 billion in its initial public offering.
Moore Threads, China’s answer to NVIDIA, surges 500% on debut
Chinese AI chip manufacturer, Moore Threads, saw its shares surge by 500% on its stock market debut, marking the largest first-day pop for a Chinese IPO over $1 billion since 2019.
