Moore Threads Shares Surge 425% After $1.13B IPO as China's AI Chip Industry Explodes Amid U.S. Restrictions
Moore Threads Technology shares explode 425% after raising $1.13 billion in Shanghai IPO as Chinese AI chip companies surge to fill gaps left by U.S. export restrictions, with Nvidia's CEO warning China's semiconductor industry doubles annually while Western growth lags at just 20-30%.