BUZZ-Moore Threads hits fresh high ahead of release of new GPU architecture

Reuters12-11
BUZZ-Moore Threads hits fresh high ahead of release of new GPU architecture

** Shares of China's graphics processing units (GPUs) maker Moore Threads Technology Co 688795.SS jump 19.6% to a fresh high of 878.78 yuan, outpacing a 0.2% slip in benchmark CSI 300 Index .CSI300

** Moore Threads, which dubbed by analysts as "China's Nvidia", said on a WeChat post that its founder, chairman and CEO Zhang Jianzhong will unveil a next generation GPU architecture in MUSA Developer Conference between Dec 19 and 20

** Zhang will also present a roadmap encompassing product systems, core technologies, and industry solutions - Co

** Since debut on December 5, shares of the Chinese GPU maker for artificial intelligence computing up 370% from their IPO price of 182.25 yuan apiece

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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