Cambricon(SH:688256) Mei Ri Jing Ji Xin Wen·2025-09-03 08:07Core Viewpoint - The stock of Cambrian, known as "King of Cold," experienced a significant decline, closing at 1405 yuan with a daily drop of 5.07% amid market fluctuations and adjustments in index weightings [1][2][3]. Group 1: Stock Performance - Cambrian's stock opened lower and saw a drop of over 7% before recovering slightly, ultimately closing at 1405 yuan with a trading volume of nearly 20 billion yuan [1][2]. - The stock has adjusted for four consecutive trading days since it became the highest-priced stock, with a maximum price of 1595.88 yuan, reflecting a pullback of approximately 12% [2][3]. Group 2: Index Adjustment Impact - The recent adjustment in the Sci-Tech 50 index, effective September 12, 2025, will reduce Cambrian's weight from about 15% to 10%, impacting related funds significantly [3]. - Funds tracking the Sci-Tech 50 index, which have been major supporters of Cambrian's price surge, may need to sell approximately 10 billion yuan worth of Cambrian shares due to this adjustment [3]. Group 3: Market Context and Sector Performance - Despite Cambrian's decline, the semiconductor sector showed resilience, with other stocks like Chengdu Huami and Zhiwei Technology experiencing significant gains [3]. - The semiconductor industry is large and diverse, with Cambrian representing only a segment of the broader market, which includes various categories such as SoC, IDM, and ASIC [4]. Group 4: Future Outlook - The semiconductor sector is expected to continue its optimistic growth trajectory, driven by AI and ongoing domestic substitution policies, with a strong market rating anticipated for 2025 [5].