Cambricon Q3 profit surges 148% on China's Nvidia replacement push

Cambricon Technologies reported a 147.7% surge in Q3 net profit to 1.4 billion yuan, with revenue up 104.5% to 3.5 billion yuan, driven by China's domestic AI chip substitution campaign. The results confirm sustained demand for domestic alternatives to Nvidia amid US export controls, though sustainability depends on continued policy support and competitive performance.

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