Cambricon(SH:688256) 中国基金报·2025-12-04 14:49Core Viewpoint - The company, Cambrian, issued a formal statement addressing misleading information circulating in the media regarding its products, customers, supply, and capacity forecasts, which it claims are intended to mislead the market [4][6]. Group 1: Company Response - Cambrian emphasized that all relevant matters should be based on publicly disclosed information and urged investors to enhance their ability to discern information, avoiding the spread of unverified or false information [6]. - The company reserves the right to pursue legal action against individuals who fabricate or disseminate false information [7]. Group 2: Market Reaction - Following the rumors, Cambrian's stock experienced a significant increase, closing up by 2.75% after initially dropping nearly 3% earlier in the day [11]. - As of the market close, Cambrian's stock price was 1369 yuan per share, with a total market capitalization of 577.3 billion yuan, reflecting a year-to-date increase of 108% [11]. Group 3: Analyst Ratings and Market Outlook - Bernstein, a well-known investment firm, upgraded Cambrian's rating to "outperform," setting a target price of 2000 yuan [13]. - First Shanghai Securities highlighted the positive outlook for demand from major clients due to the accelerated deployment of AI applications, noting Cambrian's strong performance in specific AI scenarios such as large model training and inference, intelligent vision, and voice processing [13]. - The domestic supply chain is making significant progress, with domestic chips expected to capture market share in the coming years, positioning Cambrian favorably in the new investment cycle for domestic computing power [13].