A logo of Moore Threads at the 2025 World Artificial Intelligence Conference in Shanghai on July 28, 2025 Photo: VCG

 
Moore Threads, dubbed as China's first homegrown GPU stock, surged again on Thursday, breaking above the 800-yuan mark for the first time.
 
The company’s shares hit an intraday high of 878.78 yuan ($121), sending its market value past 400 billion yuan by the mid-day close on Thursday.

The company was listed on Shanghai's STAR Market on Friday. Meanwhile, this Chinese GPU designer is set to unveil its next-generation GPU on December 19-20, according to its official Weibo post on December 9.

It is widely seen as Nvidia's challenger in China because it has followed a similar path in GPU design, with chips that were originally built to render high-quality graphics in films and games before becoming essential for artificial intelligence (AI) training.

Global Times