重仓基金狂揽85％收益！寒武纪短暂体验“股王”滋味，下一步能否站稳？

Core Viewpoint - The rise of AI chip leader Cambricon has led to significant gains in related public funds, showcasing strong investment research capabilities and resilience in positioning [2][3]. Group 1: Company Performance - Cambricon's stock price reached a peak of 1464.98 CNY per share, surpassing Kweichow Moutai, making it the highest-priced stock in A-shares [1]. - For the first half of 2025, Cambricon reported a revenue of 2.881 billion CNY, a staggering year-on-year increase of 4347.82%, and a net profit of 1.038 billion CNY, marking a turnaround from a loss of approximately 530 million CNY in the same period last year [5]. - The company's significant revenue growth is attributed to its continuous market expansion and support for AI application implementation [5]. Group 2: Fund Performance - Several actively managed funds and thematic ETFs that heavily invested in Cambricon have seen their net values soar, with some funds reporting returns exceeding 60% this year, and one fund achieving over 85% [2][3]. - Notable funds such as those from Xingzheng Asset Management and CCB Schroder have prominently featured Cambricon in their top holdings, leading to substantial outperformance compared to market averages [3]. Group 3: Market Environment - The favorable policy environment, highlighted by the State Council's recent directives on AI integration, is expected to provide a clear growth trajectory for the AI industry [4][5]. - The acceleration of domestic AI chip production is driven by increasing global tech competition, with expectations for a rising market share of domestic AI chips [6]. Group 4: Investment Outlook - Analysts suggest that Cambricon's position in the AI chip market is comparable to that of leading firms in previous tech waves, indicating a strong supply-demand dynamic ahead [6]. - Despite concerns over revenue dependency on a single major client, Cambricon's technological strength and industry position continue to attract long-term investment interest [7].