‘China’s Nvidia’ Moore Threads Soars Over 400% in Shanghai Debut After $1.1 Billion IPO, Supercharging Beijing’s AI Chip Ambitions
Shanghai / Beijing – December 5, 2025 – Chinese GPU designer Moore Threads made one of the most dramatic stock market debuts in recent memory on Friday, as its shares surged more than fourfold on the Shanghai Stock Exchange’s STAR Market after a roughly 8 billion yuan ($1.1–$1.13 billion) initial public offering.The Outpost+2Moneycontrol+2 The Beijing-based firm, frequently dubbed “China’s Nvidia”, opened around 650 yuan per share versus an IPO price of 114.28 yuan and traded near 600 yuan in early sessions – a gain of roughly 400–500% that at one point marked the biggest first‑day jump for a Chinese IPO