阿里云否认：相关消息不实

Group 1 - Alibaba Cloud is rumored to face a computing power shortage, leading to an urgent order of 150,000 Cambricon SiYuan 370 chips, although Alibaba Cloud denies the accuracy of this procurement news [2] - Cambricon's stock has surged significantly, with a 110.36% increase in August, attributed to its scarcity and performance reversal [2] - Goldman Sachs has raised Cambricon's target price by 14.7% to 2,104 RMB, indicating a potential upside of 41% from the closing price on August 29 [2] Group 2 - Goldman Sachs has increased its earnings forecast for Cambricon based on higher AI chip shipment expectations and improved operating expense ratios, raising the 2030 target valuation multiple from 65x to 69x [3] - The firm expects Cambricon's AI chip shipments to reach 145,000 units in 2025, up from the previous estimate of 143,000 units [3] - The rationale for the frequent target price increases is the significant capital expenditure expansion by Chinese cloud vendors in the AI sector, with Alibaba's capital expenditure reaching 39 billion RMB in Q2 2025, a 57% quarter-on-quarter increase and a 100% year-on-year increase [3] Group 3 - The rise of domestic chipsets is noted as local large language models and inference demand grow, supported by government policies aiming for over 70% penetration in key areas by 2027 and 90% by 2030 [4] - Cambricon issued a risk warning regarding its stock price, which increased by 133.86% from July 28 to August 28, indicating a potential disconnect from its fundamentals [4] - The company projects its total revenue for 2025 to be between 5 billion and 7 billion RMB [5] Group 4 - As of the latest report, Cambricon's stock closed at 1,395.09 RMB, reflecting a decline of 6.53% [6]