Source: China – South China Morning PostChina’s chip stocks have staged a world-beating rally in the past few months on the nation’s self-sufficiency push, but some investors are beginning to balk at their lofty valuations.
Cambricon Technologies, dubbed “China’s Nvidia” by retail investors, is trading at an earnings multiple nearly five times that of the more famous AI chip designer. Semiconductor Manufacturing International and Hua Hong Semiconductor are priced at premiums to major global foundries.
Mirroring the US dynamic, China’s…Read More