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flag Cambricon Technologies' shares soared 383% in 2024, reflecting China's push for AI self-sufficiency.

flag Cambricon Technologies, a Chinese AI chipmaker, saw its shares surge 383% this year, reaching a market value of $37 billion. flag This growth stems from China's efforts to become self-sufficient in AI technology amid US trade restrictions. flag Cambricon's inclusion in the Shanghai Stock Exchange 50 Index is expected to further boost its value. flag The company's success is part of a broader trend of localization in China's tech industry.

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