“Nvidia Challenger Moore Threads Jumps 425% in China Debut”
December 10, 2025
“…The initial public offering drew strong investor interest, with the retail portion oversubscribed some 2,750 times even after a clawback. Its debut doubled that of Semiconductor Manufacturing International Corp.’s 202% surge in 2020 to secure the top spot among IPOs larger than $1 billion…
During the first three quarters of the year, Moore Threads’ net loss was 724 million yuan, according to a Sinolink Securities note, narrowing by 19% from the year ago period. Meanwhile, revenue surged by 182% to 780 million yuan…”
https://finance.yahoo.com/news/ai-chipmaker-moore-threads-begins-233000247.html