BUZZ-China's Moore Threads rises on unveiling new AI chips

Reuters2025-12-22
BUZZ-China's Moore Threads rises on unveiling new AI chips

** Shares of Chinese chip designer Moore Threads Technology 688795.SS, dubbed by analysts as "China's Nvidia", rise 4.2% to 692 yuan, set for the biggest one-day pct gain since Dec 11 after two straight session of fall

** The Chinese graphics processing unit (GPU) chip designer on Saturday unveiled a suite of new products including its next-generation GPU architecture "Huagang" and will launch its "Huashan" chip, designed for AI training and inference, and Lushan chip focusing on high-performance graphics processing

** Company had early in December warned investors of risks amid recent sharp rises in stock prices

** Since debut on December 5, shares of the Chinese GPU maker for artificial intelligence computing up 271.8% from their IPO price of 182.25 yuan apiece

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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