Cambricon Takes Off: China's AI Chip Star Shines Brightly in 2024

Cambricon Technologies has defied gravity in 2024, with its shares soaring 383% and securing a $37 billion market cap. As China ramps up its AI self-sufficiency push, Cambricon's inclusion in the Shanghai Stock Exchange 50 Index highlights its rising star.

Fueled by a $49 billion government fund and US trade restrictions, the AI chip maestro challenges giants like Nvidia. Despite a slight revenue dip, investor confidence remains sky-high, ensuring Cambricon keeps buzzing in the AI hive.