News Summary

• Chinese artificial intelligence chipmaker Enflame Technology soared more than 223% in its Shanghai debut on Friday.
• The Tencent Holdings Ltd.
• backed chipmaker opened at RMB 410 ($61.13) and rose to as high as RMB 460 ($68.59) Enflame is considered one of China's "four little dragons" of AI chipmaking and is the last of that group to go public.
• Investors are betting that domestic chipmakers can chip away at Nvidia Corp.'s dominance in China.