Cambricon(SH:688256) Sou Hu Cai Jing·2025-08-22 06:22Group 1 - The A-share technology stocks experienced a significant surge, with the Sci-Tech 50 Index rising by 8% in the afternoon session, and the Shanghai Composite Index breaking the 3800-point mark for the first time since August 2015 [1][2] - Cambricon Technologies saw its stock price increase by over 19%, pushing its market capitalization above 500 billion yuan, marking a 136% rise over the past 31 trading days [2][3] - The surge in technology stocks was fueled by two key developments in the chip industry, including the release of the DeepSeek-V3.1 model and news regarding Nvidia halting production of its H20 AI chips for the Chinese market [5][6] Group 2 - The DeepSeek-V3.1 model was officially released, featuring a hybrid reasoning architecture and improved efficiency, which sparked enthusiasm among chip stocks in the A-share market [5] - Nvidia's decision to pause production of the H20 AI chip, which was designed for the Chinese market, could lead to a market opportunity for domestic chip manufacturers like Cambricon and Huawei [6][7] - Goldman Sachs reported that the current rally in the Chinese stock market is primarily driven by retail investors, with a significant amount of "stock market money" yet to enter, indicating potential for further market growth [8]