Nvidia's Chinese Rival Enflame Soars Over 220% in Shanghai Debut As Investors Bet on Domestic AI Chips

Chinese artificial intelligence chipmaker Enflame Technology soared more than 223% in its Shanghai debut on Friday after raising 6.12 billion yuan ($912 million) in its initial public offering. A Strong Debut The Tencent Holdings Ltd. (OTC:TCEHY) backed chipmaker opened at RMB 410 ($61.13) and rose to as high as RMB 460 ($68.59), according to the Shanghai Stock Exchange. Enflame is considered one of China’s “four little dragons” of AI chipmaking and is the last of that group to go public, follow

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