China Nvidia rival Cambricon adds to $40 billion rally with 4,000% revenue jump
1. Cambricon's revenue surged 4,000% to 2.88 billion yuan, signaling competition growth. 2. Nvidia's recent earnings report is pending amidst increasing challenges from local rivals. 3. U.S. export controls hinder China's AI chip capabilities, affecting local alternatives. 4. Nvidia must share revenue from sales to China and faces local discouragement. 5. Cambricon's technology still lags behind Nvidia, impacting long-term competition viability.