Enflame shares soar 179% in Shanghai debut as Nvidia challenger taps investor fever for AI
Enflame Technology, one of the major challengers to Nvidia in China, saw its share price surge 179 per cent in its Shanghai trading debut on Friday, giving the Tencent Holdings-backed artificial intelligence chipmaker a market capitalisation of 170.9 billion yuan (US$25.5 billion).
The Shanghai-based company opened at 410 yuan, up from its issue price of 142.18 yuan.
It surged as much as 234 per cent to 475 yuan during the day, before closing at 397 yuan.
The performance reflects continued...
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