FEATURED — FULL NOTE
Cambricon688256.SS
LAYER: THE CHINA STACK · PUBLIC
Domestic AI-chip champion, priced like China's whole substitution thesis.
2026
SAME LAYER: THE CHINA STACK
HuaweiSMICAlibaba / Tencent / Baidu / ByteDanceDeepSeek / Moonshot / Zhipu / MiniMaxCXMT (memory)HygonBiren (private)Moore Threads (private)01.AI (private)StepFun (private)
INFORMATIONAL ONLY — not investment advice. Full disclaimer.