业绩不及预期？寒武纪股价下跌逾9%

Group 1 - The stock price of Cambricon Technologies Co., Ltd. (寒武纪-U) experienced significant fluctuations, dropping by 12.88% to 1082.09 CNY per share, marking a six-month low and reducing its market capitalization by 67.5 billion CNY to 456.3 billion CNY [1] - The decline in Cambricon's stock was influenced by market rumors regarding a revenue guidance of 20 billion CNY for 2026, which is below market expectations of 50-60 billion CNY [2] - Cambricon officially denied the rumors, stating that it has not organized any small-scale meetings or provided any revenue guidance, urging investors to rely on publicly disclosed information [2][5] Group 2 - The weak performance of Cambricon's stock is attributed to underwhelming earnings, increased competition in the domestic AI chip market, and the approval of NVIDIA's chip exports to China [3] - Cambricon's revenue forecast for 2025 is projected to be between 6 billion to 7 billion CNY, representing a significant increase compared to the previous year, driven by the rising demand for AI computing power [6][7] - The company reported a net profit forecast of 1.85 billion to 2.15 billion CNY for 2025, indicating a turnaround from previous losses [6][7] Group 3 - Other domestic AI chip stocks also saw declines, with Molu Technology (摩尔线程) and Muxi Co., Ltd. (沐曦股份) experiencing drops of 4.7% and 5.11% respectively [1] - Molu Technology's revenue forecast for 2025 is estimated at 1.45 billion to 1.52 billion CNY, while Muxi expects revenues of 1.6 billion to 1.7 billion CNY, both showing significant growth compared to 2024 [8] - The competitive landscape is intensifying, with companies like Huawei and Alibaba ramping up their own AI chip production, potentially impacting Cambricon's market position [3][8]