Enflame shares soar 188% on 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 188 per cent in its Shanghai trading debut on Friday, giving the Tencent Holdings-backed artificial intelligence chipmaker a market capitalisation of 176.

4 billion yuan (US$26. 3 million). The Shanghai-based company opened at 410 yuan, up from its issue price of 142. 18 yuan. The performance reflects continued investor…