Cambricon(SH:688256) Mei Ri Jing Ji Xin Wen·2025-09-01 02:36Group 1 - Alibaba Cloud's Tongyi Qianwen model is facing a computing power shortage, prompting the company to urgently increase its order of Cambricon's Siyuan 370 chips to 150,000 units [1] - Alibaba Cloud representatives clarified that the rumors regarding the procurement of 150,000 Cambricon GPUs are untrue, emphasizing their commitment to developing AI chips and supporting the domestic supply chain [1] - Following the news, Cambricon's stock experienced a significant drop, with a decline of up to 8.96%, and the stock price fell below 1,400 yuan, closing with a decrease of 6.2% at 1,400 yuan [1] Group 2 - Goldman Sachs reported strong second-quarter results for Cambricon and maintained a positive outlook on the company, raising the 12-month target price by 14.7% to 2,104 yuan [1]