A former Nvidia exec just minted himself into the billionaire club. Moore Threads' IPO debut crushed expectations—we're talking a nearly $40 billion valuation that's got the entire AI chip sector buzzing. The timing? Absolutely wild. While Western chip makers navigate export restrictions, this company stormed public markets and basically said "watch this." Their founder's background at Nvidia clearly paid dividends—dude knew exactly what infrastructure the AI boom needed. What's fascinating isn't just the valuation, it's how fast Chinese AI hardware players are closing the gap. Computing power remains the ultimate currency in this race, and valuations like this prove investors are betting big on localized chip production. The ripple effects for AI infrastructure projects could be massive.