Reported 1 day ago
Cambricon Technologies, a Chinese chipmaker likened to a mini Nvidia, reported an astonishing 4,348% year-on-year revenue increase to 2.88 billion yuan in the first half of 2025, fueled by a stock market frenzy surrounding AI advancements. The company also turned a profit of 1.04 billion yuan, reversing its previous losses, as its shares surged in value, reflecting growing demand for AI chips amid new developments in AI technology.
Source: YAHOO