Wall Street Breakfast China's Nvidia soars 500% after IPO
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Dec 5, 2025 Moore Threads Technology sees an astounding 500% surge on its IPO, raising $1.13 billion amid strong interest. The White House is planning to take equity stakes in mineral companies to offset China's dominance. Meanwhile, FluidStack is valued at $7 billion as it positions itself within the neocloud landscape, seeking significant investment. Notably, demand for AI compute is driving new infrastructure players. Other market highlights include HP Enterprise's decline due to weak server sales and news on Tesla’s new Model 3.
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Pivot From Gaming To AI Accelerators
- MoreThreads pivots from gaming GPUs to AI accelerators to exploit gaps left by U.S. export curbs on NVIDIA.
- That strategic shift aligns with Beijing's push for tech self-sufficiency and domestic chip manufacturing.
China's Homegrown Nvidia Moment
- MoreThreads' IPO surged 500% on debut, reflecting investor bets on domestic Chinese AI chip capacity.
- The company projects up to 242% revenue growth for 2025, fueling high valuation multiples compared with peers.
US Buying Stakes To Secure Minerals
- The White House is taking equity stakes in critical-minerals firms to counter China's raw-material dominance.
- Over $1 billion has been spent on stakes that often trigger sharp stock rallies for target companies.