Enflame (OTC) Soars 206% on IPO Amid AI Demand

Chinese chipmaker Enflame (OTC) saw its stock surge 206% on its debut in Shanghai, driven by strong demand with over 6,000 times the shares ordered during its initial retail offering. Enflame is developing domestic alternatives to U.S. rivals like Nvidia, which held nearly 60% of China's AI accelerator market in 2025. The company reported revenue of 990 million yuan ($147 million) in 2025, an increase from 722 million yuan the previous year. For investors, this marks a significant opportunity as China's semiconductor sector continues to grow amid efforts for tech self-sufficiency.