Cambricon Technologies regains China's most expensive stock spot

7 articles · Updated · MarketWatch · Apr 30

Its Shanghai shares rose 18% to 1,664 yuan after first-quarter revenue climbed to 2.88 billion yuan and net profit to 1.01 billion yuan.
The Beijing-based AI chipmaker overtook Yuanjie Semiconductor Technology, whose shares were up 4.2% at 1,578.18 yuan, and was heading for a record close.
Cambricon, valued at $84.77 billion, has doubled over 12 months as China's AI and domestic chip push lifted the sector, with MetaX and Naura also gaining after strong quarterly sales.

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