just finding out capital is flowing out of BTC and into high-beta L1s… SUI, NEAR, and AVAX are all posting double digit gains together. i’m always late to the rotation 😀
🇨🇳 Chinese AI chip prices are surging as HBM shortages hit supply, according to Reuters.
Huawei’s Ascend 950DT is now reportedly priced at 250,000 yuan, up 20% – 50% in just two months.
Cambricon has raised its next-gen 690 chip by 20% – 30%, while MetaX and Iluvatar CoreX have also increased prices.
The bigger issue is HBM.
Since US export controls tightened in December 2024, Chinese chipmakers have increasingly relied on black-market HBM, where prices can be several times higher.
Huawei’s older chips are also getting more expensive: