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寒武纪,新股王
盐财经·2025-08-28 09:56

Core Viewpoint - The rise of Cambrian's stock price, surpassing Kweichow Moutai, signifies a shift in market valuation towards technology stocks, reflecting increased investor focus on growth potential in the tech sector [5][7]. Group 1: Cambrian's Performance - Cambrian's stock price closed at 1587.91 yuan, with a daily increase of 15.73%, surpassing Kweichow Moutai's 1446.10 yuan [3]. - Cambrian reported a revenue of 2.881 billion yuan for the first half of 2025, a staggering year-on-year growth of 4347.82%, and a net profit of 1.038 billion yuan, reversing a previous loss of approximately 530 million yuan [4]. - The company has mastered key technologies for complex chip physical design at advanced processes like 7nm, successfully applying them to several chip designs [4]. Group 2: Market Context - Nvidia's Q2 revenue reached $46.7 billion, a 56% year-on-year increase, but its stock fell post-earnings due to lower-than-expected guidance, contrasting with Cambrian's strong performance [3]. - The semiconductor sector, particularly domestic computing power and self-controllable technologies, is expected to be a long-term trend, with domestic chip suppliers likely to benefit from increased procurement by local enterprises [4]. - The stock market has seen Kweichow Moutai decline over 3% this year, while Cambrian has surged over 120%, indicating a significant shift in investor sentiment towards tech stocks [6].