Today, Canaan Inc – ADR Inc’s (NASDAQ: CAN) stock gained $0.13, accounting for a 1.71% increase. Canaan opened at $7.66 before trading between $7.75 and $7.43 throughout Thursday’s session. The activity saw Canaan’s market cap rise to $1,202,968,501 on 3,981,037 shares -below their 30-day average of 6,903,648.
About Canaan Inc – ADR
Established in 2013, Canaan Inc. provides high-performance computing solutions to efficiently solve complex problems. In 2016, Canaan successfully initiated the production of its first 16nm chip and passed the test to receive China’s national high-tech enterprise certification. In 2018, Canaan achieved major technological breakthroughs to launch the K210, the world’s first-ever RISC-V-based edge artificial intelligence (AI) chip, which is now widely used for access control in situations such as smart door locks and more. Canaan Inc. is currently focused on the research and development of advanced technology, including such areas as AI chips, AI algorithms, AI architectures, system on a chip (SoC) integration and chip integration. Using the AI chip as its base, Canaan Inc. has established an intellectual value chain. Canaan Inc. also provides a suite of AI service solutions and is able to tailor these solutions to the needs of its partners.