Moore Threads posts US$4.3m profit as Nvidia rival surges amid Beijing chip push
SCMP Tech / 4/27/2026
📰 NewsSignals & Early TrendsIndustry & Market Moves
Key Points
- Moore Threads, a China-based GPU maker seen as an Nvidia challenger, swung to a net profit of 29.4 million yuan (US$4.3 million) in Q1 2026 after a net loss of 112.5 million yuan a year earlier.
- The company’s turnaround is attributed to stronger demand for computing hardware, boosted by Beijing’s push for chip self-sufficiency.
- The article frames Moore Threads’ performance as part of a broader rise among domestic GPU champions as they capture growth in local AI/compute demand.
- The shift highlights accelerating competitive pressure in the GPU market for companies working to reduce reliance on foreign chip supply.
Moore Threads Technology, one of China’s challengers to Nvidia, swung to a profit in the first quarter of 2026, as domestic graphics processing unit (GPU) champions capitalised on surging computing demand amid Beijing’s push for chip self-sufficiency.
The Beijing-based firm reported a net profit of 29.4 million yuan (US$4.3 million) for the January to March period, compared with a net loss of 112.5 million yuan a year earlier, according to a filing to the Shanghai Stock Exchange on...
Continue reading this article on the original site.
Read original →Related Articles
Black Hat USA
AI Business
Big Tech firms are accelerating AI investments and integration, while regulators and companies focus on safety and responsible adoption.
Dev.to
Democratic Governance of AI Is the Real Solution
Reddit r/artificial
I Built a 24/7 AI Agent System on a $6/Month VPS — Here's the Stack
Dev.to
Big Tech firms are accelerating AI investments and integration, while regulators and companies focus on safety and responsible adoption.
Dev.to
