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Trending News:Middle East crisis: Are Iran’s ballistic missiles running out amid US-Israel strikes?Middle East tensions force England to move T20 World Cup camp from Abu Dhabi to South Africa | Cricket NewsUae Flight Status March 7: UAE flight status update: Limited services operating on March 7; Rebooking and refund options available | World NewsCan Suryakumar Yadav do what Dhoni and Kohli couldn’t? 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Inside Netanyahu’s ‘small forum’ plotChina’s BYD looks to make electric vehicle charging as fast as filling up with petrolMajor records set in Wankhede thriller as India beat England to reach second straight T20 World Cup final | Cricket NewsWhy Iran’s global partners are staying on the sidelinesSuperman Axar Patel to the rescue: The catch that never was… the effort that will always be | Cricket NewsIran using cluster bomb warheads in ongoing conflict: Israel militaryHong Kong stocks on track for steepest weekly slump in 4 months on US-Iran warJacob Bethell’s blazing century rewrites record books in T20 World Cup semi final | Cricket NewsDubai’s KHDA moves Indian schools to distance learning till term end amid US-Israel war on IranChina bets on AI-manufacturing integration to narrow digital-economy gap with US‘India don’t give it to ICC’: Ex-Pakistan batter sparks fresh controversy, targets BCCI over doping tests | Cricket NewsUAE opens ‘safe air corridors’ amid US-Israel war on Iran: Airlines allowed 48 flights per hour as Middle East tensions escalateLean harder into Hong Kong-mainland China market ties, ‘two sessions’ delegates urgeRecord Breaker! 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Bangladeshi national arrested in US over global child exploitation charges; could face life in prisonTOISA set to celebrate India’s sporting heroes; Lucknow to host 8th edition | More sports News‘Dear Indians targeting me, you’re in violation of law’: Whistleblower claims spam calls after he ‘exposed’ H-1B ‘takeover’ in TexasLakshya Sen fights back to beat Ng Ka Long Angus, reaches All England badminton quarterfinals | Badminton NewsUs Ukraine Drone Assistance: ‘Protection against ‘Shaheds’’: US asked Ukraine for help against Iranian drones in Middle East, says Zelenskyy499 runs and 34 sixes later, India beat England to enter T20 World Cup final | Cricket NewsIndian-origin owner of Virginia grocery store pleads guilty to food stamp fraud: ‘Cash for SNAP’Stranded in India amid tensions in Middle East, West Indies cricket team finally gets update | Cricket NewsIran’s legendary King Cyrus the Great: The man who conquered the world 2,500 years ago and fulfilled ancient predictions | World News‘My fielding academy might have to open again’: Michael Vaughan jokes as England struggle against India | Cricket NewsIshowspeed Livestream: “Which ocean”: IShowSpeed plans livestream search after Eiichiro Oda drops One Piece mystery treasure box into the seaSmriti Mandhana honoured with one-of-a-kind Barbie doll ahead of International Women’s Day | Cricket News‘I made a mistake’: Rep. 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Cambricon Technologies became the costliest stock in mainland China’s equities market, as the Beijing-based chipmaker replaced the liquor distiller Kweichow Moutai in a sign of the rising significance of artificial intelligence (AI) in the world’s second-largest capital market.
Trading under the symbol 688256 in Shanghai, Cambricon’s shares jumped 11.60 per cent on Monday to a record 1,384.93 yuan, giving it 579.38 billion yuan (US$81 billion) in market value. The stock has more than doubled in price this year and surged fivefold in the past 12 months.
At that price, Cambricon is trading at a staggering 4,554 times historical earnings, making it the most expensive stock in China. Moutai, the liquor distiller that produces the fiery baijiu known as Chairman Mao Zedong’s favourite tipple, had previously commanded the highest price-earnings ratio on the exchange.
“China’s AI development is entering a stage of software-hardware collaboration, [which] may meaningfully reduce the reliance on overseas computing power,” wrote Cinda Securities’ analyst Mo Wenyu, who said that Cambricon now belonged to a list of stocks that were “worth watching”.
An undated photograph of a new-generation artificial intelligence (AI) chip made by Cambricon Technologies. Photo: Handout
“We believe the release of [DeepSeek’s AI model] V3.1 has created a strategic opportunity for the domestic AI chip industry chain, and the process of AI chip substitution is likely to accelerate,” Mo wrote.
Cambricon is accessible to international investors through the so-called Northbound Connect scheme via the Hong Kong stock exchange.
The team proposed Pointer-CAD, a framework built on Alibaba Group Holding’s Qwen 2.5 model, which helps designers select edges or faces of a 3D object, increasing the accuracy and efficiency…
From Sydney to Hong Kong, wealth migration is reshaping the global super-luxury property market as activity picks up after two subdued years – though the dominance of relative newcomer Dubai…
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