Chinese GPU makr surges 400% amid booming demand for Nvidia alternatives: "China's Nvidia"
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Moore Threads, a Beijing-based GPU designer known as "China's Nvidia," saw its shares surge over 400% on its Shanghai debut, following a $1.1 billion IPO. The stock price soared to 584.98 yuan from an offer price of 114.28 yuan, reflecting strong investor interest in domestic AI chipmakers amid U.S. export controls. This highlights China's push for a self-sufficient tech ecosystem.
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