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China AI Chip Leader Soars 20% Limit as Beijing Warns on Nvidia

By Yahoo! Finance   |   Sep 30, 2024 at 03:13 AM EST
China AI Chip Leader Soars 20% Limit as Beijing Warns on Nvidia

Cambricon Technologies Corp., a Chinese AI chipmaker, surged 20% due to Beijing pressuring companies to switch from Nvidia to local chip alternatives. This move aims to boost domestic chipmakers and reduce reliance on foreign technology.

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