天天基金网·2025-08-28 12:12Core Viewpoint - The article discusses the recent surge in the stock price of AI chip giant Cambricon, which briefly surpassed Kweichow Moutai to become the new "king" of A-shares, and the implications of this event in relation to the so-called "Moutai curse" [5]. Group 1: Stock Performance - On August 27, Cambricon's stock price rose over 10%, reaching a peak of 1464.98 CNY per share, surpassing Kweichow Moutai [5]. - The "Moutai curse" refers to the phenomenon where companies that exceed Kweichow Moutai's stock price often experience a subsequent decline [5]. - Historical data shows that since Kweichow Moutai broke the 100 CNY mark in early 2007, over ten stocks have surpassed it, with varying durations of maintaining that position [5]. Group 2: Historical Context - The longest duration for a stock to remain above Kweichow Moutai was approximately one year for China Shipbuilding and Yanghe Brewery, while many stocks only briefly exceeded it, with some lasting less than a day [5]. - Notable examples of significant declines after surpassing Kweichow Moutai include the now-defunct company, Storm Technology, which saw a peak in stock price shortly after exceeding Moutai, followed by a cumulative drop of 70% within three months [5].