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MetaX soars 700% in debut as China AI chips push lures investors
MetaX Integrated Circuits jumped 700% in its Shanghai market debut as the Chinese AI chipmaker tapped into strong momentum triggered by Beijing's push to reduce reliance on chips from U.S. firms Nvidia and Advanced Micro Devices. Founded by former AMD executives, MetaX raised roughly $600 million in an initial public offering last week, days after larger rival Moore Threads debuted with a 400% pop. MetaX opened at 700 yuan a share in Shanghai versus an IPO price of 104.66 yuan, before surging as high as 895 yuan, defying persistent AI bubble concerns in other markets. Dec 17, 2025 - $AMD
Exclusive-Google works to erode Nvidia's software advantage with Meta's help
Alphabet's Google is working on a new initiative to make its artificial intelligence chips better at running PyTorch, the world’s most widely used AI software framework, in a move aimed at weakening Nvidia's longstanding dominance of the AI computing market, according to people familiar with the matter. The effort is part of Google's aggressive plan to make its Tensor Processing Units a viable alternative to Nvidia's market-leading GPUs. TPU sales have become a crucial growth engine of Google's cloud revenue as it seeks to prove to investors that its AI investments are generating returns. Dec 17, 2025 - $AMD
Salesforce and Other AI Stocks That Can Catch Up to the Pack
Nvidia Microsoft and other prominent artificial-intelligence stocks are seeing bouts of selling. Wall Street has grown wary that software and internet companies will slow down the pace of their investments in data centers, dragging down chip stocks. The worry there is that returns on their massive AI investments might disappoint the market’s expectations. Dec 17, 2025 - $AMD
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