Reported 4 days ago
Cambricon Technologies, China's top-performing stock in 2024, has soared 383% this year, fueled by the country's push for self-sufficiency in artificial intelligence. As it joins the Shanghai Stock Exchange 50 Index, the AI chip designer is set to capitalize on rising demand and government support amid US trade constraints. Analysts predict the localization of AI chip production will grow significantly, potentially enhancing Cambricon's market share against global competitors like Nvidia.
Source: YAHOO