As 2024 draws to a close, it may be surprising to learn one of the stocks that has been surging the most throughout the year. According to Bloomberg, shares of China’s domestic AI chip company, Cambricon Technologies, have soared by 383% in 2024, outperforming U.S. AI accelerator giant NVIDIA and ...

In its FY2Q24 earnings report for 2023, NVIDIA disclosed that the U.S. government had imposed controls on its AI chips destined for the Middle East. However, on August 31, 2023, the U.S. Department of Commerce stated that they had "not prohibited the sale of chips to the Middle East" and declined to...