Goldman Sachs Forced To Chase After China’s NVIDIA Cambricon As It Glows Red Hot ...Middle East

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Goldman Sachs Forced To Chase After China’s NVIDIA Cambricon As It Glows Red Hot
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Cambricon Technologies, more commonly known in China by its local name Hanwuji, is a fabless designer of AI chips that is the hottest name among Chinese equities right now, having soared by 130 percent in just the past two weeks or so. Yet, behind this compelling bullish story lies a critical risk factor, one that emanates from Cambricon's chronic customer concentration problem. Up until recently, Cambricon was known in China as the "king of losses," having amassed cumulative losses of around 5 billion yuan ($970 million) as of the end of 2024, with the company's inclusion in the US Commerce […]

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