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China’s Moore Threads Surges 425% in STAR Market Debut Amid AI Chip Frenzy

China’s Moore Threads Surges 425% in STAR Market Debut Amid AI Chip Frenzy

Author:

Global Cryptocurrency

Published:

2025-12-08 13:03:02

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BTCCSquare news:

Moore Threads, China's aspiring rival to Nvidia, skyrocketed 425% on its Shanghai STAR Market debut after raising $1.13 billion in the year's second-largest onshore IPO. The Shenzhen-based GPU designer closed at 600.5 yuan, achieving a $40 billion valuation—still dwarfed by Nvidia's $4.5 trillion dominance.

Retail investors fueled the frenzy, oversubscribing shares by 2,750 times as Beijing accelerates semiconductor self-sufficiency. The former Nvidia executive-led firm becomes the first of China's 'four little dragons' AI chipmakers to go public, earmarking proceeds for next-gen GPU development.

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