Shares of moore threads soared by more than 400% on its debut in shanghai following its $1.1 billion listing [4] several features of the deal underline just how intense the hype has become around china’s homegrown. Its ipo comes as beijing pushes domestic gpu makers despite u.s
Moore threads technology co., a leading chinese artificial intelligence chipmaker, jumped 425% in its shanghai trading debut after raising 8 billion yuan ($1.13 billion), marking the biggest first. A record‑setting ipo fueled by ai and geopolitics moore threads raised nearly 8 billion yuan in fresh capital by selling shares at 114.28 yuan apiece, making it the second‑largest onshore ipo in china this year, behind huadian new energy group’s roughly $2.7 billion listing in july The initial public offering drew.
