Cambricon(SH:688256) Ge Long Hui A P P·2025-08-25 02:09Group 1 - The core viewpoint of the article highlights the continued rise of Cambrian, with its stock price surpassing 1300 yuan, leading to significant gains in related ETFs focused on technology and AI sectors [1] - Goldman Sachs raised Cambrian's target price by 50% to 1835 yuan, attributing this increase to higher capital expenditures in China's cloud computing, diversification of chip platforms, and increased R&D investments by Cambrian [1] - The recent liquidity improvement in the market, indicated by the first inflow of active foreign capital into A-shares since last October, is seen as beneficial for technology stock valuations [1] Group 2 - The Sci-Tech 50 ETF, which focuses heavily on hard technology companies, has a significant weight of 60% in the chip and related industries, with a current scale of 69.128 billion yuan and good liquidity [1] - The Sci-Tech AI ETF is centered on the core computing chips and smart hardware segments of the AI industry, with Cambrian as its top holding, accounting for over 10% of the ETF [1] - Dongfang Securities maintains that technology remains a certain mainline investment, observing a narrowing divergence in market views on the tech sector, suggesting that its relative advantages will continue to strengthen [1]