Cambricon(SH:688256) Zhong Guo Ji Jin Bao·2025-08-28 09:33Market Overview - A-shares experienced a significant rebound on August 28, with all three major indices closing higher: Shanghai Composite Index up 1.14%, Shenzhen Component Index up 2.25%, and ChiNext Index up 3.82% [1] - A total of 2,868 stocks rose, with 66 hitting the daily limit up, while 2,402 stocks declined [2] Sector Performance - The STAR 50 Index surged over 7%, indicating a strong market focus on semiconductor and computing hardware sectors [3] - Notably, Cambricon Technologies (寒武纪) surpassed Kweichow Moutai (贵州茅台) to become the new stock king in A-shares, with its stock price nearing 1,600 yuan, up over 15%, and a total market capitalization exceeding 66 billion yuan [3] - Semiconductor stocks collectively rallied, with SMIC (中芯国际) rising over 17% and its market cap approaching 100 billion yuan, marking a historical high [4] Stock Performance - A detailed list of stocks with significant gains includes: - SMIC (中芯国际) up 17.45% at 119.22 yuan - Dongxin Technology (东芯股份) up 16.43% at 118.00 yuan - Cambricon Technologies (寒武纪-U) up 15.73% at 1,587.91 yuan - Other notable gainers include Zhenray Technology (臻镭科技) and Shanghai Xinyang (上海新阳) with increases of 15.42% and 13.10% respectively [5] Industry Trends - According to TrendForce, the proportion of imported chips from companies like NVIDIA and AMD in China's AI server market is expected to decrease from 63% in 2024 to 42% by 2025, while domestic chip suppliers' share is projected to rise to 40%, indicating a trend towards domestic substitution [5] - Tianfeng Securities highlighted that the semiconductor, domestic computing, and self-controlled sectors will remain long-term trends, especially amid ongoing uncertainties in US-China trade policies regarding AI computing chips [6]