MetaX IPO surges 700% amid China’s efforts to reduce reliance on Nvidia, AMD vm_admin 3 months ago 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). Founded by
