Nvidia Rival Cambricon Plunges Nearly 12% In Shanghai As Profit-Taking Hits After August’s Meteoric Rally – NVIDIA (NASDAQ:NVDA)

Cambricon Technologies Corp. Ltd. plunged 11.90% in Shanghai trading Thursday morning, marking its steepest intraday decline since January.

Stock Faces Steepest Drop Since January 2025

The selloff hit China’s answer to Nvidia Corp. NVDA as…