Chinese Nvidia Rival Enflame Soars 206% on Stock Market Debut Amid AI Demand Boom Enflame's meteoric 206% stock surge on its Shanghai debut is a harbinger of China's escalating dominance in the global tech landscape.
The country's "four little dragons" of AI chipmaking – including Enflame, MetaX, Moore Threads, and Biren – are flexing their muscles, leaving investors to take notice.
The recent export controls imposed by the US on Nvidia have created a significant gap in China's AI accelerator market, which International chipmakers like Nvidia dominated with nearly 60% of the segment as of 2025, according to IDC data.