CHINESE NVIDIA
$NVDA RIVAL ENFLAME JUST ROSE +206% ON ITS FIRST DAY OF TRADING
Retail orders came in at more than 6,000 times the shares available.
It is the last of China's "four little dragons" of AI chipmaking to go public, and all four have now surged on debut, per CNBC:
• MetaX: nearly +700%
• Moore Threads: over +400%
• Enflame: +206%
• Biren: +76%
Enflame did $147 million in revenue in 2025 and has not turned a profit.
Nvidia
$NVDA and other international chipmakers still held nearly 60% of China's AI accelerator market last year.