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MetaX rockets 600–700% on debut, raising $600M
MetaX AI-chip startup surges 600-700% on debut, raising $600M in Shanghai IPO.
MetaX, an AI-chip startup, raised approximately $600 million in its Shanghai IPO, with shares soaring by 600–700% upon listing. The debut highlights strong investor interest in Chinese AI-chip companies, despite valuation concerns. MetaX’s explosive growth underscores the growing demand for semiconductor solutions in the AI space, especially with its potential to challenge established giants like Nvidia in AI hardware.