Chinese Challenger To NVIDIA Mints A New Billionaire
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Shares of Moore Threads Technology, founded by former Nvidia executive Zhang Jianzhong, gained 425% after its initial public offering in Shanghai on Friday, according to FactSet. The AI chip maker’s IPO raised $1.
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.
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,