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Commentary: Why China's GPU start-ups command billion-dollar valuations despite losses

Staff reporter, commentary; Levi Li, DIGITIMES Asia Friday 19 December 2025 0

Credit: Biren

China's GPU start-ups are back at the center of a capital-market frenzy. Following Moore Threads, five-year-old MetaX has listed on Shanghai's STAR Market, with its shares surging more than sevenfold on debut. At its peak, the company's market capitalization...

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