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SHA:688000 5 December 2025 - 2 February 2026

‘China’s Nvidia’ Moore Threads Soars Over 400% in Shanghai Debut After $1.1 Billion IPO, Supercharging Beijing’s AI Chip Ambitions

‘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 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 over $1 billion since listing reforms in 2019.The Outpost+2Moneycontrol+2
5 December 2025
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Stock Market Today

  • US Futures Dip as Oil Drops, Investors Weigh Inflation Signals
    July 1, 2026, 5:49 AM EDT. US stock futures slipped early Wednesday, with E-mini S&P 500 and Micro E-mini Nasdaq-100 contracts both down as trading opened to mixed macro news. The Strategic Petroleum Reserve is now at its lowest since 1983 after a big release aimed at lowering fuel prices, temporarily easing inflation on consumers. Oil retreated, while eurozone inflation stuck close to the 2% mark, leaving questions about just how much cheaper energy will affect banks, utilities, and real estate stocks. Sandisk jumped almost 11% on a price target bump, Credo Technology climbed on new index inclusions, and Bloom Energy advanced with more funding. Traders watched for fresh inflation data, oil supply numbers, and China's manufacturing reports as they tried to gauge how stable markets are with rate hikes still in focus.
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