China's Nvidia Rival Just Hit The Stock Market. Enflame Is Riding The AI Chip Boom And Soaring.

Fuente: International Business Times

A visitor walks past the booth of Enflame during the World Artificial Intelligence Conference (WAIC) in Shanghai on July 6, 2023. WANG ZHAO/Getty Images Chinese AI chipmaker Enflame nearly tripled in value in its stock market debut Friday, extending a run of strong listings for semiconductor companies benefiting from Beijing's effort to build domestic alternatives to Nvidia. Shares of Shanghai Enflame Technology opened at 410 yuan on Shanghai's STAR Market, 188% above their initial public offering price of 142.