Cambricon’s soaring market value reflects investor hopes for China’s domestic AI hardware ecosystem Rapid revenue growth reveals the company’s financial turnaround after years of losses Heavy reliance on one client and geopolitical restrictions raise doubts about its long term sustainability Cambricon Technologies has quickly become one of the more closely followed names in China’s semiconductor industry. The Beijing-based AI chip designer has seen its stock price skyrocket recently, at one point earning it a market value above RMB580 billion, approximately $81.2 billion. That puts it ahead of the likes of MediaTek and SMIC, which is very unusual for a company…