$TRUMP
$XAU
Shares of Enflame surge 200% on their first trading days in Shanghai amid an AI wave
Shares of Shanghai Enflame Technology jumped by about 200% in their first trading days on the Shanghai Stock Exchange on Friday, as investors rushed to subscribe to one of China’s leading local AI chip design companies, amid Beijing’s efforts to reduce its reliance on Nvidia and other U.S. semiconductor suppliers.
The Tencent-backed company opened trading at 410.00 yuan, well above the offering price of 142.18 yuan. The stock then leapt to a high of 475.00 yuan before settling around 430.00 yuan, which values Enflame at roughly 185,000,000,000 yuan (equivalent to 27,600,000,000 dollars)—about three times its valuation at the time of its offering.#CPIWatch #TRUUSDT
$XAU
Shares of Enflame surge 200% on their first trading days in Shanghai amid an AI wave
Shares of Shanghai Enflame Technology jumped by about 200% in their first trading days on the Shanghai Stock Exchange on Friday, as investors rushed to subscribe to one of China’s leading local AI chip design companies, amid Beijing’s efforts to reduce its reliance on Nvidia and other U.S. semiconductor suppliers.
The Tencent-backed company opened trading at 410.00 yuan, well above the offering price of 142.18 yuan. The stock then leapt to a high of 475.00 yuan before settling around 430.00 yuan, which values Enflame at roughly 185,000,000,000 yuan (equivalent to 27,600,000,000 dollars)—about three times its valuation at the time of its offering.#CPIWatch #TRUUSDT
