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Enflame, a Chinese AI chipmaker considered one of the country's 'four little dragons' and a domestic rival to Nvidia, soared 206% on its Shanghai stock market debut. The surge reflects continued strong investor demand for AI-related equities in China as the country seeks to build domestic semiconductor capacity amid U.S. export restrictions on advanced chips. The debut underscores how AI enthusiasm continues to drive huge valuations for chipmakers globally, even as geopolitical tensions over chip technology and IP persist between the U.S. and China.