Wednesday, November 20, 2024

SMIC's Shanghai-listed shares are up 120% from a September 2024 low, outperforming Nvidia and TSMC, on an expected boost from China's chip self-reliance push (Bloomberg)

Bloomberg:
SMIC's Shanghai-listed shares are up 120% from a September 2024 low, outperforming Nvidia and TSMC, on an expected boost from China's chip self-reliance push  —  - SMIC has more than doubled in two months as market eyes Trump  — Competition looms and valuation not attractive: Morgan Stanley



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