Narumon Bowonkitwanchai | Moment | Getty Images
Shares of Chinese chipmaker MetaX Integrated Circuits Shanghai soared much than 500% connected their marketplace debut Wednesday, aft the institution raised astir $600 cardinal successful its archetypal nationalist offering.
Shares, which were priced astatine 104.66 yuan successful the IPO, surged to implicit 692 during its debut, marking a 561% jump.
Similar to Moore Threads, which saw a robust debut astatine the commencement of the month, MetaX develops graphics processing units for artificial quality applications, tapping into a fast-growing assemblage driven by rising adoption of AI services.
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