Cambricon’s Stock Skyrockets 383% as China Advances AI Self-Sufficiency - PRESS AI WORLD
PRESSAI
All categories
Recent Posts
side-post-image
Over One Million Flee Sudan Conflict to South Sudan, UN Reports
user-iconGloria Terra
side-post-image
Desperate Gazans Unearth Bodies Amidst Ruins, Seeking Dignified Graves for Lost Loved Ones
user-iconGloria Terra
Contact Phone:
Economy

Cambricon’s Stock Skyrockets 383% as China Advances AI Self-Sufficiency

share-iconTuesday, December 31 comment-icon3 weeks ago 13 views
News sources:
scmpSCMP
Cambricon’s Stock Skyrockets 383% as China Advances AI Self-Sufficiency

Credited from: SCMP

  • **Cambricon Technologies**, an AI chip designer, has experienced a **383% increase** in share price this year.
  • The company's market value has reached **US$37 billion**, surpassing global leaders like Nvidia.
  • The growth is attributed to **China's push for self-sufficiency** in technology amidst US trade restrictions.
  • Cambricon's recent inclusion in the **Shanghai Stock Exchange 50 Index** is expected to propel further growth.
  • Demand for its products is on the rise, with **sales increasing over 280%** in the third quarter compared to last year.

For more details, visit the original article here.

SHARE THIS ARTICLE:

TAGS:

Cambricon Ai chips China Stock market Self-sufficiency Technology
author-dp

Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

nav-post-picture
date-iconDecember 31, 2024 Zhuhai officials dismissed following China’s most deadly lone wolf vehicle attack
date-iconDecember 31, 2024 Hong Kong Experiences Surge in Mainland Chinese Visitors Ahead of New Year’s Eve
nav-post-picture
Related Posts
main-post-image
WORLD NEWS
Families of Trafficked Chinese Seek Help to Free Loved Ones from Myanmar Scam Gangs
date-iconJan 22, 2025
main-post-image
WORLD NEWS
Xi and Putin Strengthen Ties in Video Call Following Trump's Inauguration
date-iconJan 22, 2025
main-post-image
WORLD NEWS
Putin and Xi Reaffirm Alliance Amid Trump’s Inauguration, Eyeing Global Stability
date-iconJan 22, 2025
main-post-image
WORLD NEWS
Trump Announces $500B Investment in AI Partnership, Stargate, with OpenAI, Oracle, and SoftBank
date-iconJan 22, 2025
main-post-image
WORLD NEWS
Hong Kong's New Tourism Blueprint: Embracing Technology and Inclusivity to Enhance Visitor Experience
date-iconJan 22, 2025
main-post-image
POLITICS
Steve Bannon Criticizes Elon Musk and Mark Zuckerberg Amidst MAGA Leadership Struggles
date-iconJan 21, 2025

Stay Connected

main-post-image
World News
Israel and Hamas Agree to Ceasefire as Hostages Await Release
date-icon January 18, 2025
main-post-image
Politics
Trump Initiates Purge of Over 1,000 Biden Appointees Amid Shift to Loyalists
date-icon January 21, 2025
main-post-image
World News
Police Volunteer Convicted in Rape and Murder of Trainee Doctor Sparks Nationwide Protests in India
date-icon January 18, 2025
main-post-image
Politics
Rudy Giuliani Settles Defamation Case with Georgia Election Workers, Retains Properties
date-icon January 17, 2025

Tags

Stay informed effortlessly with PRESS AI WORLD, the AI-powered news summarizer that delivers concise, easy-to-read global headlines tailored to your interests.

Categories

Recent Posts

side-post-image
Over One Million Flee Sudan Conflict to South Sudan, UN Reports
user-iconGloria Terra
side-post-image
Desperate Gazans Unearth Bodies Amidst Ruins, Seeking Dignified Graves for Lost Loved Ones
user-iconGloria Terra
© 2025 All rights reserved | PRESS AI WORLD