39.85亿元定增获批，寒武纪加码大模型芯片布局

Group 1 - The core point of the news is that Cambrian has received approval from the CSRC for a stock issuance plan, which aims to raise up to 3.985 billion yuan to enhance its technological competitiveness in the AI chip market [1] - Cambrian's stock issuance plan has been adjusted to a total fundraising amount of no more than 3.985 billion yuan, with the number of shares to be issued increased to no more than 20.9175 million shares [1] - The funds raised will primarily be used for projects related to large model chip platforms and software platforms, reinforcing Cambrian's position in the competitive landscape [1] Group 2 - The demand for AI chips is experiencing explosive growth due to the evolution of large model technology, with domestic chip design manufacturers gradually increasing their market share [2] - Cambrian's SiYuan series chips are expected to benefit from the rising computational power demand across various industries and the trend of domestic substitution, potentially driving significant revenue growth and sustained profitability [2] Group 3 - Cambrian's stock price has reached new highs, approaching 1600 yuan, and has surpassed Kweichow Moutai to become the new "king of stocks" in A-shares [3] - As of October 10, Cambrian's stock has increased over 90% year-to-date, with a latest share price of 1273 yuan and a market capitalization of 532.6 billion yuan [3] - In the first half of the year, Cambrian achieved revenue of 2.88 billion yuan, a year-on-year increase of 4347.82%, and a net profit of 1.038 billion yuan, marking a turnaround to profitability [3]