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Chinese AI chip designer Cambricon's stock jumped 383% in 2024, giving the company a $37B market cap, driven by the localization of AI chips in the country (Bloomberg) from Techmeme RSS feed.
Chinese AI chip designer Cambricon's stock jumped 383% in 2024, giving the company a $37B market cap, driven by the localization of AI chips in the country (Bloomberg)
Bloomberg:
Chinese AI chip designer Cambricon's stock jumped 383% in 2024, giving the company a $37B market cap, driven by the localization of AI chips in the country — - Cambricon shares have climbed 383% this year, topping CSI 300 — ‘Localization of AI chips has become a big trend’: Minsheng