CAMBRICON 688256: Macquarie initiates BUY & stock flat. US$140bn stock with 1/100th of NVDA's revenue scale even 2 yrs out. Must beat rev estimates by high DD to surprise over time, admittedly quite possible. China's #2# ASIC designer after Huawei: not always a comfy place to be, given how many other #2s# Huawei has completely destroyed or maimed over time, using mafia tactics and regular lawfare. Hygon 688041 another comp, tho not as growthy. Forced to choose b/w Cambricon and Chinese SPE companies as expression of the China semi localization theme, I'd opt for the latter, largely because they don't have to compete w/ Huawei and because memory might be lower hanging fruit than ASICs/GPUs. All that said, I'm small long this doggy.