HONG KONG -- Shares in Cambricon Technologies, China's answer to Nvidia, have dropped 21% this week following an earlier warning that the stock may be overvalued, as a rally fueled by tech companies shows signs of cooling.
China tech
Cambricon stock drops over 20% this week as China tech rally cools
AI chipmaker had flagged risks of overpriced shares
A cooling market rally erased about 80 million yuan from Shanghai-listed Cambricon's market capitalization. (Source phots by Getty Images and screenshot from Cambricon's website) © Getty Images
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