Enflame (燧原科技) stock soars over 200% on trading debut

Enflame (燧原科技), a Tencent-backed AI chip startup, saw its stock price jump more than 200% during its Shanghai trading debut on Friday. The listing marks the final public offering among China's four leading domestic AI chip startups, which are developing alternatives to Nvidia (NVDA) processors despite not yet being profitable.