Cambricon Technologies, often referred to as “China’s little Nvidia,” has emerged as the most valuable stock in mainland China's equity market following a significant surge in its share price on Thursday. The company’s stock soared by as much as 18 percent, reaching nearly 1,680 yuan (approximately US$245), surpassing the optical chipmaker Yuanjie Semiconductor Technology, which was trading at around 1,660 yuan. This remarkable increase comes in the wake of Cambricon's announcement on Wednesday of a staggering 160 percent growth in the first quarter, driven by the ongoing artificial intelligence boom and China's efforts to achieve technological self-sufficiency.
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Original from SCMPTech: AI chip designer Cambricon vaults to China’s costliest stock after profits soar 185%
AI chip designer Cambricon vaults to China’s costliest stock after profits soar 185%
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Joint University of Pittsburgh and US Department of Veterans Affairs laboratory conducting rehabilitation engineering research. Develops mobility devices, assistive technologies, and medical-grade products for people with disabilities.
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