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Investing.com-- Chinese chipmaking stocks fell sharply on Monday after a report said Beijing was considering allowing some local firms to buy NVIDIA Corp’s (NASDAQ:NVDA) advanced chips.
Retail orders ran to more than 6,000 times the shares available
Enflame stock soared more than 200% in its Shanghai debut as investors bet Chinese chipmakers can displace Nvidia.
A public valuation validates Tencent's chip investment while revealing how much strategic scarcity investors are already paying for.
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