“国产GPU第一股”要来了？摩尔线程IPO未上先火

Core Viewpoint - The article highlights the significant developments in the domestic GPU industry, particularly focusing on the upcoming IPO of Moore Threads, which is expected to raise 8 billion yuan and potentially become the first domestic GPU stock [6][17]. Group 1: IPO and Market Reaction - Moore Threads is set to undergo IPO review on September 26, with an expected fundraising of 8 billion yuan, leading to a surge in related concept stocks in the A-share market [6]. - Stocks such as Initial Spirit Information, Yingqu Technology, and Heertai have experienced significant price increases, with some hitting the daily limit up due to their previous investments in Moore Threads [6][17]. - The market's enthusiasm has led other companies to clarify their non-investment in Moore Threads to avoid speculation [6]. Group 2: Industry Background and Growth - The rise of domestic GPU companies like Moore Threads can be traced back to the U.S. sanctions against Chinese tech firms, which created a gap in the high-end GPU market [8][10]. - Moore Threads was founded by Zhang Jianzhong, a former key figure at NVIDIA China, who quickly assembled a team of top talents from various renowned tech companies [8][10]. - The year 2020 marked a pivotal moment for the domestic GPU sector, with numerous financing events indicating a strong investment interest despite the capital-intensive nature of the industry [10][11]. Group 3: Investment Landscape - Moore Threads has secured over seven rounds of financing since its inception, with early investors like Heertai participating in seed funding [14]. - Several listed companies have indirectly invested in Moore Threads, contributing to its equity structure, which has led to notable stock price increases for these companies [15][16]. - The stock prices of companies like Changfei Fiber and ST Huatuo have surged significantly, reflecting the market's optimism surrounding Moore Threads [16]. Group 4: Future Outlook - Despite the excitement surrounding Moore Threads' IPO, the company is still in its investment phase, with cumulative losses projected at approximately 5 billion yuan from 2022 to 2024 [17]. - The article emphasizes the importance of technological breakthroughs and market expansion for the domestic GPU industry, suggesting that a transformative change is on the horizon [17][18].