A wave of optimism has lately swept through China’s chip industry. Share traders in Shanghai joke that Cambricon, a local firm, not only offers a substitute for Nvidia’s processors, but for its stock, too. Although the Chinese semiconductor firm is worth but a fraction of its giant American rival, its share price has rocketed by 350% over the past year, around 15 times as much as Nvidia’s.
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The Chinese chip industry seems to be on the rise, with local firm Cambricon making a splash in the market. Despite being worth much less than Nvidia, their share price has seen a significant increase over the past year. It’s interesting to see how China is managing to get its hands on Nvidia’s gear, and how other Chinese chip firms like Huawei are quickly catching up. The competition is heating up, with companies like Eli Lilly looking to steal the spotlight from Novo Nordisk. It’s a wild ride in the world of technology and business, with surprises at every turn.
