China's Moore Threads, akin to Nvidia, prepares for trading launch following $1.1 billion IPO
Written by Emily J. Thompson, Senior Investment Analyst
Source: Yahoo Finance
Updated: 4 hour ago0mins
Moore Threads IPO: Moore Threads Technology Co, often referred to as "China's Nvidia," is set to debut on the Shanghai market, with expectations of benefiting from China's push for domestic chip manufacturing amid U.S. export restrictions.
Market Potential: The company, which specializes in GPUs for AI computing, raised nearly 8 billion yuan ($1.13 billion) in its IPO, and analysts predict a significant increase in sales, with a target price set nearly 60% above the IPO price.
Industry Context: The IPO comes as Beijing accelerates approvals for semiconductor firms, aiming for tech self-sufficiency, while other Chinese tech giants are also investing heavily in AI chip development.
Valuation Concerns: Moore Threads' IPO is priced at 123 times its projected 2024 sales, raising concerns about high tech valuations in the market, especially compared to the broader Shanghai Composite Index.
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Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NVDA is 255.63 USD with a low forecast of 185.00 USD and a high forecast of 352.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
40 Analyst Rating
38 Buy
1 Hold
1 Sell
Strong Buy
Current: 179.590
Low
185.00
Averages
255.63
High
352.00
Current: 179.590
Low
185.00
Averages
255.63
High
352.00
KeyBanc
Jason Celino
Overweight
downgrade
$590 -> $575
2025-12-03
New
Reason
KeyBanc
Jason Celino
Price Target
$590 -> $575
2025-12-03
New
downgrade
Overweight
Reason
KeyBanc analyst Jason Celino lowered the firm's price target on Synopsys (SNPS) to $575 from $590 to reflect dilution from the Nvidia (NVDA) investment, while keeping an Overweight rating on the shares. The firm sees somewhat of a tricky setup heading into earnings for Synopsys. On one hand, KeyBanc is expecting a fairly significant Q4 revenue beat, but on the other, it sees the potential for FY26 EPS to be guided below the Street and closer to its estimate. NULLtheless, the firm approaches the print moderately positive, and would put a higher importance on the prospect of a Q4 beat so long as it's large enough
Deutsche Bank
Hold
maintain
$180 -> $215
2025-11-20
Reason
Deutsche Bank
Price Target
$180 -> $215
2025-11-20
maintain
Hold
Reason
Deutsche Bank raised the firm's price target on Nvidia to $215 from $180 and keeps a Hold rating on the shares. The company reported a "beat and raise" quarter last night with data center leading the growth, the analyst tells investors in a research note. The firm says Nvidia "expressed significant confidence" in its future data center segment growth. However, Deutsche continues to see the shares as fairly valued.
Citi
Buy
maintain
$220 -> $270
2025-11-20
Reason
Citi
Price Target
$220 -> $270
2025-11-20
maintain
Buy
Reason
Citi raised the firm's price target on Nvidia to $270 from $220 and keeps a Buy rating on the shares following the earnings report. The firm increased fiscal 2027 and 2028 sales estimates to reflect accelerating data center revenue on better than expected Blackwell and Rubin demand visibility. It believes the company's revenue will accelerate into 2026.
KeyBanc
NULL -> Overweight
upgrade
$250 -> $275
2025-11-20
Reason
KeyBanc
Price Target
$250 -> $275
2025-11-20
upgrade
NULL -> Overweight
Reason
KeyBanc raised the firm's price target on Nvidia to $275 from $250 and keeps an Overweight rating on the shares. The firm notes the company reported strong Q3 results and provided Q4 guidance, which strongly exceeded expectations. The upside was driven by data center, given strong Blackwell Ultra revenues, as GB300 hit the cross over point and was 2/3 of Blackwell revenues in Q3, KeyBanc adds. Management indicated $500B in Blackwell/Rubin pipeline across 2026/2027 was the baseline and expects this to increase. Hopper revenues were $2B of which H20 was $50M, while Q4 assumes no China revs. The firm is encouraged by these strong results and raise estimates to reflect the $500B pipeline.
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About NVDA
NVIDIA Corporation is a full-stack computing infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. The Company’s segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing platforms and artificial intelligence (AI) solutions and software; networking; automotive platforms and autonomous and electric vehicle solutions; Jetson for robotics and other embedded platforms, and DGX Cloud computing services. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating industrial AI and digital twin applications.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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