MetaX IPO surges 700% amid China’s efforts to reduce reliance on Nvidia, AMD

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MetaX IPO surges 700% amid China’s efforts to reduce reliance on Nvidia, AMD

By Arundhati Sarkar
Publication Date: 2025-12-17 06:21:00

Dec. 17, 2025 1:21 AM ETSPDR® S&P China ETF (GXC), PGJ, KWEB, MCHI, CQQQ, YINN, ASHR, CNYA, FLCH, AMD StockNVDABy: Arundhati Sarkar, SA News Editor

da-kuk/iStock via Getty Images

Shares in China’s MetaX Integrated Circuits soared 700% in their market debut on Wednesday, fueled by investor enthusiasm over a government initiative to reduce dependence on AI chips from U.S. giants Nvidia (NVDA) and Advanced Micro Devices (AMD).

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