China’s top AI chip firms set for bumper IPOs as Nvidia kept out of market

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China’s Nvidia challengers Moore Threads and MetaX are set for their hotly anticipated market debuts, driven by investor excitement over domestic demand for home-grown graphics processing units (GPUs) amid Beijing’s tech self-sufficiency drive.
Beijing-based GPU maker Moore Threads, which was 4,000 times oversubscribed after launching its 8 billion yuan (US$1.13 billion) initial public offering (IPO) last week, will be listed on Shanghai’s Nasdaq-style Star Market on Friday, according to a…

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