Nvidia's shifting China plans over the past several months turned mostly on two things. The U.S. government worried the chips would help China gain on America in the race for AI supremacy. Then, China told the world it could quickly build its own powerful chips that would match the performance of Nvidia chips. The Chinese effort to catch Nvidia even had a name: the "Manhattan Project." It was meant to mirror the U.S. effort to build the atomic bomb in World War II.
For now, it's tough for U.S. investors to get a piece of Moore Threads, a firm that many may never have heard of prior to its multi-bagger IPO session last week. The company, which, like Nvidia, makes GPUs (Graphics Processing Units) to power the AI boom, might be worth keeping tabs on, especially if you have a lot of skin in the AI race with the U.S. AI innovators and hyperscalers.