Cambricon Aims to Replace Nvidia in China, ADP Report Boosts Rate-Cut Bets | The Opening Trade 12/4
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Cambricon Technologies plans to more than triple its production of AI chips in 2026, aiming to wrest market share from Huawei Technologies in China and fill a void left by Nvidia's forced exit. US companies shed payrolls in November by the most since early 2023, adding to concerns about a more pronounced weakening in the labor market. Wednesday’s weak ADP report risks heightening concerns of a more rapid deterioration in the labor market ahead of the Federal Reserve’s final policy meeting of
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