AI tycoon Chen Tianshi, co-founder of chip company Cambricon Technologies, saw his net worth skyrocket to $10 billion in 2024. This surge is attributed to Cambricon's stock price, which skyrocketed by 500% shortly after its listing in Shanghai. Despite this, market analysts remain cautious about the company's future stock performance. As of January 15, 2024, the market capitalization of Cambricon Technologies reached 291 billion RMB (approximately $40 billion), making it a major player in China's ChiNext market.
