MetaX raised $585.8 million in its IPO, which was oversubscribed 2,986 times.MetaX raised $585.8 million in its IPO, which was oversubscribed 2,986 times.

MetaX debut set to ignite Chinese AI chip rally

China is set for another major chip debut on Wednesday, drawing keen attention from investors following Moore Threads Technology Co.’s recent surge. 

MetaX Integrated Circuits Shanghai Co. will commence trading in its home city after raising $585.8 million in an initial public offering that was 2,986 times oversubscribed on the retail portion. It attracted even higher demand than Moore Threads, whose shares were oversubscribed by 2,750 times in its IPO.

MetaX’s listing follows an incredibly strong investor response, reflecting surging enthusiasm for domestic players in the global race for artificial intelligence computing power.

AI Chip market heats up as MetaX targets Nvidia rivals

MetaX manufactures graphics processing units for artificial intelligence developers similar to Moore Threads. The trend is a growing industry and expanding at a rapid clip as consumers and businesses adopt AI services. The stock is expected to attract investors who weren’t lucky enough to get an allotment in the notoriously tough IPO lottery.

Moore Threads climbed more than 500% in eight trading sessions since its debut, with the stock rising five times in just its opening day of trading. Investors are betting on national champions who could seem like legitimate local rivals to global leader Nvidia Corp., whose most cutting-edge chips are blocked by the US from being sold to China. 

Worth 104.66 yuan per share at its IPO, MetaX will open at a market capitalization of 41.8 billion yuan ($6 billion), significantly below Moore Threads’ current valuation of 341 billion yuan. MetaX’s price-to-sales ratio stands at 56.4, compared with an average of 127.4 for peer companies like Cambricon Technologies Corp. and Advanced Micro Devices Inc., according to the company’s exchange filing.

“If we use Moore and Cambricon’s market caps as a yardstick, then MetaX might have a 10-12 times upside potential,” said Xu Dawei, a fund manager at Jintong Private Fund Management in Beijing. “MetaX’s listing may potentially spearhead a rally in tech stocks and create more excitement around new and secondary listings.”

Chinese tech listings draw investors amid record oversubscriptions

MetaX’s roots can be found at AMD, with three of its founding members having previously worked for the US chipmaker. Chairman and Chief Executive Officer Chen Weiliang is one of those. 

A Chinese company that designs and sells GPUs for AI workloads and graphics rendering in gaming and other visualization applications. Its AI-focused Xiyun C500 series, which the company claimed was comparable to Nvidia’s A100, made up almost 98% of total revenue in 2024. 

The new generation, called C588, has significantly narrowed the performance gap with Nvidia’s H100, according to MetaX. Last year, MetaX captured approximately 1% of China’s AI chip market, according to the company’s prospectus, which cites data from an industry consultancy.

Chinese IPOs have been robust this year, with an average first-day trading jump of 250%, according to Bloomberg data. That has at least partly been because Chinese officials have been quelling issuances to prevent sapping liquidity in the broader market. 

At the same time, a softer risk appetite in the secondary market and year-end profit-taking have also increased interest in new offerings, which are seen as a reliable opportunity to capture gains in the first few days of trading. Radio frequency chipmaker Beijing Onmicro Electronics Co. more than doubled on its debut on Tuesday, after filing in a 2,899-times oversubscribed IPO. 

Changxin Memory Technologies Inc. and Yangtze Memory Technologies Co. are among chipmakers that could consider listing in China. They could each seek a valuation of 200 billion yuan to 300 billion yuan. 

In Hong Kong, too, a swarm of companies in the AI space is gearing up for market debuts. MiniMax and Zhipu, backed by Alibaba Group Holding Ltd., Tencent Holdings Ltd., and others, aim to complete their IPOs as soon as January.

Get $50 free to trade crypto when you sign up to Bybit now

Market Opportunity
Meta xStock Logo
Meta xStock Price(METAX)
$663.87
$663.87$663.87
+0.27%
USD
Meta xStock (METAX) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Solana Hits $4B in Corporate Treasuries as Companies Boost Reserves

Solana Hits $4B in Corporate Treasuries as Companies Boost Reserves

TLDR Solana-based corporate treasuries have surpassed $4 billion in value. These reserves account for nearly 3% of Solana’s total circulating supply. Forward Industries is the largest holder with over 6.8 million SOL tokens. Helius Medical Technologies launched a $500 million Solana treasury reserve. Pantera Capital has a $1.1 billion position in Solana, emphasizing its potential. [...] The post Solana Hits $4B in Corporate Treasuries as Companies Boost Reserves appeared first on CoinCentral.
Share
Coincentral2025/09/18 04:08
Crucial Fed Rate Cut: October Probability Surges to 94%

Crucial Fed Rate Cut: October Probability Surges to 94%

BitcoinWorld Crucial Fed Rate Cut: October Probability Surges to 94% The financial world is buzzing with a significant development: the probability of a Fed rate cut in October has just seen a dramatic increase. This isn’t just a minor shift; it’s a monumental change that could ripple through global markets, including the dynamic cryptocurrency space. For anyone tracking economic indicators and their impact on investments, this update from the U.S. interest rate futures market is absolutely crucial. What Just Happened? Unpacking the FOMC Statement’s Impact Following the latest Federal Open Market Committee (FOMC) statement, market sentiment has decisively shifted. Before the announcement, the U.S. interest rate futures market had priced in a 71.6% chance of an October rate cut. However, after the statement, this figure surged to an astounding 94%. This jump indicates that traders and analysts are now overwhelmingly confident that the Federal Reserve will lower interest rates next month. Such a high probability suggests a strong consensus emerging from the Fed’s latest communications and economic outlook. A Fed rate cut typically means cheaper borrowing costs for businesses and consumers, which can stimulate economic activity. But what does this really signify for investors, especially those in the digital asset realm? Why is a Fed Rate Cut So Significant for Markets? When the Federal Reserve adjusts interest rates, it sends powerful signals across the entire financial ecosystem. A rate cut generally implies a more accommodative monetary policy, often enacted to boost economic growth or combat deflationary pressures. Impact on Traditional Markets: Stocks: Lower interest rates can make borrowing cheaper for companies, potentially boosting earnings and making stocks more attractive compared to bonds. Bonds: Existing bonds with higher yields might become more valuable, but new bonds will likely offer lower returns. Dollar Strength: A rate cut can weaken the U.S. dollar, making exports cheaper and potentially benefiting multinational corporations. Potential for Cryptocurrency Markets: The cryptocurrency market, while often seen as uncorrelated, can still react significantly to macro-economic shifts. A Fed rate cut could be interpreted as: Increased Risk Appetite: With traditional investments offering lower returns, investors might seek higher-yielding or more volatile assets like cryptocurrencies. Inflation Hedge Narrative: If rate cuts are perceived as a precursor to inflation, assets like Bitcoin, often dubbed “digital gold,” could gain traction as an inflation hedge. Liquidity Influx: A more accommodative monetary environment generally means more liquidity in the financial system, some of which could flow into digital assets. Looking Ahead: What Could This Mean for Your Portfolio? While the 94% probability for a Fed rate cut in October is compelling, it’s essential to consider the nuances. Market probabilities can shift, and the Fed’s ultimate decision will depend on incoming economic data. Actionable Insights: Stay Informed: Continue to monitor economic reports, inflation data, and future Fed statements. Diversify: A diversified portfolio can help mitigate risks associated with sudden market shifts. Assess Risk Tolerance: Understand how a potential rate cut might affect your specific investments and adjust your strategy accordingly. This increased likelihood of a Fed rate cut presents both opportunities and challenges. It underscores the interconnectedness of traditional finance and the emerging digital asset space. Investors should remain vigilant and prepared for potential volatility. The financial landscape is always evolving, and the significant surge in the probability of an October Fed rate cut is a clear signal of impending change. From stimulating economic growth to potentially fueling interest in digital assets, the implications are vast. Staying informed and strategically positioned will be key as we approach this crucial decision point. The market is now almost certain of a rate cut, and understanding its potential ripple effects is paramount for every investor. Frequently Asked Questions (FAQs) Q1: What is the Federal Open Market Committee (FOMC)? A1: The FOMC is the monetary policymaking body of the Federal Reserve System. It sets the federal funds rate, which influences other interest rates and economic conditions. Q2: How does a Fed rate cut impact the U.S. dollar? A2: A rate cut typically makes the U.S. dollar less attractive to foreign investors seeking higher returns, potentially leading to a weakening of the dollar against other currencies. Q3: Why might a Fed rate cut be good for cryptocurrency? A3: Lower interest rates can reduce the appeal of traditional investments, encouraging investors to seek higher returns in alternative assets like cryptocurrencies. It can also be seen as a sign of increased liquidity or potential inflation, benefiting assets like Bitcoin. Q4: Is a 94% probability a guarantee of a rate cut? A4: While a 94% probability is very high, it is not a guarantee. Market probabilities reflect current sentiment and data, but the Federal Reserve’s final decision will depend on all available economic information leading up to their meeting. Q5: What should investors do in response to this news? A5: Investors should stay informed about economic developments, review their portfolio diversification, and assess their risk tolerance. Consider how potential changes in interest rates might affect different asset classes and adjust strategies as needed. Did you find this analysis helpful? Share this article with your network to keep others informed about the potential impact of the upcoming Fed rate cut and its implications for the financial markets! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post Crucial Fed Rate Cut: October Probability Surges to 94% first appeared on BitcoinWorld.
Share
Coinstats2025/09/18 02:25
Billionaire Grant Cardone Explains Why He's Buying Hundreds of Bitcoin on Every Dip

Billionaire Grant Cardone Explains Why He's Buying Hundreds of Bitcoin on Every Dip

Billionaire real estate investor Grant Cardone says he's buying hundreds of Bitcoin on every price dip, predicting the cryptocurrency will reach $1 million "easily" within five years or "maybe sooner." This bullish positioning comes despite Bitcoin's 5% year-to-date decline and gold's dramatic 69% outperformance in 2025, raising questions about whether Cardone's aggressive accumulation represents contrarian conviction or promotional messaging from entrepreneur known for hyperbolic marketing of investment courses and real estate funds.
Share
MEXC NEWS2025/12/24 15:32