China’s Nvidia Moore Threads surges over 400% on trading debut
A pictorial shows the Moore Threads logo on a smartphone in Suqian, Jiangsu Province, China, on October 30, 2025.
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Shares of Moore Threads, a Beijing-based graphics processing unit (GPU) manufacturer often referred to as the “Nvidia of China,” rose more than 400% following its debut in Shanghai. $1.1 billion list.
The stock is currently trading at 584.98 yuan. More than five times the IPO price of 114.28 yuan.
As US restrictions tighten, a growing number of Chinese chipmakers are turning to the AI processor space.
Newer players like Enflame Technology and Biren Technology have jumped in, aiming to capture a share of the billions of dollars of GPU demand no longer served by Nvidia. China is also clearing more semiconductor IPOs in its push for technology independence.
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