Moore Threads Technology saw a massive surge in its Shanghai trading debut today, with shares skyrocketing 27% at peak. What's driving this rally? The chipmaker just announced they're dropping new AI chip products next week.

Timing couldn't be better—the AI hardware race is heating up globally, and domestic players are fighting for their slice of the pie. The market's clearly betting big on their upcoming release. Whether these chips can compete with established players remains to be seen, but investors are willing to gamble on the potential.

Worth watching how this plays out. New chip launches can be hit or miss, but that initial pop shows serious market appetite for AI infrastructure plays.