Chinese chipmaker Moore Threads, often described as “China’s Nvidia” or “Nvidia alternative,” reported first-half 2026 revenue of 1.736 billion yuan ($257 million), up 147.42 percent year-on-year, exceeding its entire 2025 full-year figure. Gross profit reached 989 million yuan, up 103.78 percent, while net losses attributable to shareholders narrowed sharply by 95.73 percent, according to financial results released on Sunday. The company attributed growth to booming artificial intelligence demand for full-function GPUs and accelerated commercialization of its Kuae intelligent computing clusters. Moore Threads maintained R&D spending of 769 million yuan in the first half, up 38.16 percent year-on-year, bringing cumulative investment since 2022 close to 5.9 billion yuan. As of the end of June, it filed 2,167 patent applications and held 788 authorized patents. Its flagship MTT S5000 GPUs have realized large-scale sales, with deployments in Beijing, Wuxi, Hangzhou and other cities. The MUSA software stack now supports more than 800,000 developers. Moore Threads announced plans for an IPO in the Hong Kong market; it was listed on Shanghai’s STAR Market on December 5, 2025. Yang Delong, chief economist at Shenzhen-based First Seafront Fund, said domestic GPU and AI chip sectors are moving from investment into commercialization and profit-delivery.