Cambricon a.k.a. ‘China’s Nvidia’ says revenue spiked 14-fold last quarter. The ensuing stock frenzy made its CEO one of the world’s richest people

Chen Tianshi, the 40-year-old founder and CEO of Beijing-based Cambricon Technologies, is now one of the 100 richest people in the world after his AI chip company, known in retail trading circles as “China’s Nvidia,” posted a monster third-quarter earnings report last week, including most notably a 14-fold jump in quarterly revenue. It reported a net profit of $79.6 million (567 million yuan), compared to a net loss of $27.2 million (194 million yuan) a year ago— a 1,332% jump.​

As you might imagine...