Cambricon Technologies STAR Market debut (2020)
Chinese AI-chip designer Cambricon listed on the STAR Market and its shares more than tripled on the first day. Investors treated it as the purest public bet on China's push for homegrown artificial-intelligence silicon.
The stock's valuation soared far past the company's modest revenue, drawing warnings about froth.
Shares swung wildly for years before the business grew into part of its price, rewarding patient holders.
Like Unitree, Cambricon was the first clean public proxy for a hyped hard-tech theme, and its debut showed how STAR Market demand can outrun fundamentals.
