China A-share AI chip stocks surge; Enflame up 15% to record high

The scale of the move — a record high and a 76% run in just seven sessions — signals that domestic computing-power names are being repriced as a group rather than on individual fundamentals, with Enflame, Cambricon and MetaX moving in lockstep. That clustering matters because it suggests the trade is being driven by a shared narrative around domestic AI chip supply rather than company-specific news. The open question is whether this momentum broadens to the wider A-share semiconductor chain or stays concentrated in a handful of large-cap names, and how long such a steep, synchronized advance can hold without fresh catalysts.