‘China’s Nvidia’ Moore Threads surges over 400% on trading debut after $1.1 billion listing

Moore Threads had a massive first day in Shanghai, jumping more than 400% after its $1.1 billion IPO. It’s one of the biggest debuts for a Chinese chip company this year and comes at a time when Beijing is pushing hard to build a domestic GPU ecosystem. The timing matters. With U.S. sanctions limiting China’s access to advanced manufacturing, companies like Moore Threads, Huawei, and Cambricon are all stepping in to fill the gap. China clearly wants local alternatives that can support AI, gaming, and data-center workloads without depending on U.S. suppliers. Moore Threads still has a long way to go in matching the performance of global leaders, but the market’s reaction shows how much enthusiasm there is behind China’s semiconductor push. The broader chip sector in China has been accelerating, with new entrants and established players all competing for the same growing demand. Curious what everyone thinks is this early hype or a sign that China’s GPU ecosystem is finally gaining real momentum?

Source: [https://www.cnbc.com/2025/12/05/china-nvidia-moore-threads-trading-debut-1-billion-listing-ipo-shanghai-gpu-enflame-biren.html](https://www.cnbc.com/2025/12/05/china-nvidia-moore-threads-trading-debut-1-billion-listing-ipo-shanghai-gpu-enflame-biren.html)