Chinese Nvidia challenger Enflame jumps 188% in Shanghai market debut

Tencent-backed 'little dragon' raises $910m; tech stocks' post-IPO slumps draw scrutiny Enflame's products are displayed during the World Artificial Intelligence Conference (WAIC) in Shanghai in July 2026. (Photo by Tomoko Wakasugi) HONG KONG/SHANGHAI — Shanghai Enflame Technology, one of China's leading makers of artificial intelligence chips and the country's answer to Nvidia, rose 188% in its debut on Shanghai's bourse on Friday, after the company flagged a lower valuation relative to peers.

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