AI chip maker Moore Threads—founded by a former Nvidia executive—surged in its first day of trading after a $1 billion-plus IPO.

A bipartisan group of U.S. senators, including prominent Republican China hawk Tom Cotton, on Thursday unveiled a bill that would block the Trump administration from loosening rules that restrict Beijing's access to artificial intelligence chips from Nvidia and AMD AMD.

Cambricon Technologies Corp. plans to more than triple its production of AI chips in 2026, aiming to wrest market share from Huawei Technologies Co. in China and fill a void left by Nvidia Corp.’s forced exit.

Shares of chipmaker Moore Threads Technology, dubbed China's Nvidia (NASDAQ: NVDA), rose as much as 502% as it debuted in Shanghai on Friday.

Nvidia on Wednesday published new data showing that its latest artificial intelligence server can improve the performance of new models - including two popular ones from China - by 10 times.

That's how far shares of Moore Threads rallied on its market debut on Friday. + The Chinese AI chip designer, founded by a former Nvidia executive, raised the equivalent of more than $1

Moore Threads, a five-year-old graphics processing unit (GPU) developer created by Nvidia's former China chief, aspires to become one of the leading global players in artificial intelligence chip development,