Chinese AI chip designer Cambricon’s stock jumped 383% in 2024, giving the company a $37B market cap, driven by the localization of AI chips in the country (Bloomberg)

Bloomberg:
Chinese AI chip designer Cambricon’s stock jumped 383% in 2024, giving the company a $37B market cap, driven by the localization of AI chips in the country  —  – Cambricon shares have climbed 383% this year, topping CSI 300  — ‘Localization of AI chips has become a big trend’: Minsheng