China AI chipmakers post first profits amid Nvidia void, but supply hurdles loom

Chinese GPU startups Moore Threads, MetaX, and Iluvatar CoreX swung to profit in Q3, capitalizing on the market gap left by Nvidia's export-restricted high-end chips. However, severe supply chain constraints and rising memory costs threaten sustained profitability. The milestone signals early commercial traction but long-term viability remains uncertain.

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