MetaX Integrated Circuits soared on its trading debut in Shanghai, as investors piled into the second producer of graphics processing units (GPUs) to go public this month amid optimism about China’s push for self-sufficiency in semiconductors and artificial intelligence.
The shares of the Shanghai-based company began trading at 700 yuan on Wednesday on the technology-heavy Star Market, surging 595 per cent from their offer price of 104.66 yuan. That made the five-year-old company the fourth-best…
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