Shares of Chinese humanoid robotmaker Unitree Robotics soared on their debut on Wednesday on the STAR Market of the Shanghai Stock Exchange. The shares surged 629.44 percent at the opening and closed 460.34 percent higher, giving the company a market capitalization of 341.77 billion yuan ($50.68 billion).

Shares of Chinese humanoid robotmaker Unitree Robotics soared on their debut on Wednesday on the STAR Market of the Shanghai Stock Exchange. The shares surged 629.44 percent at…

Unitree’s shares soared more than 600% in its Shanghai debut, riding a wave of investor enthusiasm for AI-powered machines even as widespread commercial use remains years off