Moore Threads Technology Co. shares slumped as much as 19% Friday, after the Chinese artificial intelligence chipmaker warned investors about elevated trading risks following huge gains.

Shares of Moore Threads Technology slumped, after the Chinese artificial-intelligence chip startup warned of trading risks following explosive gains since its trading debut last week.

(Yicai) Dec. 5 -- Shares of Moore Threads Technology, which designs graphics processing units and is often called “China’s Nvidia,” surged more than five times when they started trading on the Shanghai stock market today after a CNY8 billion (USD1.1 billion) initial public offering.

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),

Moore Threads, dubbed the 'Nvidia of China,' skyrocketed 425% on its first trading day, raising questions about its potential to rival Nvidia in the AI chip market despite being generations behind.

Moore Threads, founded by a former senior Nvidia executive in 2020, will announce its next-generation GPU design and a product roadmap covering hardware, core technologies, and industry solutions at its developer conference next week, the company said on its official WeChat account on Tuesday.

Chinese AI chip manufacturer, Moore Threads, saw its shares surge by 500% on its stock market debut, marking the largest first-day pop for a Chinese IPO over $1 billion since 2019.

A logo of Moore Threads at the 2025 World Artificial Intelligence Conference in Shanghai on July 28, 2025 Photo: VCG. Shares of Moore Threads jumped more than 11 percent intraday

The IPO drew strong investor interest, with the retail portion oversubscribed some 2,750 times even after a clawback.