Group 1 - The Shanghai Stock Exchange Sci-Tech Innovation Board Chip Design Theme Index (950162) rose by 2.19% as of February 3, 2026, indicating strong market performance in the chip design sector [1] - The E Fund Sci-Tech Chip Design ETF (589030) increased by 1.46%, with a trading volume of 66.14 million yuan and a turnover rate of 13.6%, reflecting active market participation [1] - The E Fund Sci-Tech Chip Design ETF has seen continuous net inflows over the past four days, with a peak single-day net inflow of 82.71 million yuan, totaling 172 million yuan [1] Group 2 - The semiconductor industry is entering a new upcycle driven by AI applications, with a recovery starting in January 2024 and a peak expected in August 2024 [2] - The overall upward trend in the semiconductor sector is confirmed, with AI application deepening and rising storage chip prices as core drivers [2] - The E Fund Sci-Tech Chip Design ETF closely tracks the performance of the Shanghai Stock Exchange Sci-Tech Innovation Board Chip Design Theme Index, which includes listed companies involved in chip design [2]

Group 1 - The core point of the article is that after a significant drop in stock price, Cambricon issued a statement denying rumors about its revenue guidance and reaffirming its operational stability and R&D progress [1][3][4] - On February 3, Cambricon's stock price fell over 14%, reaching a low of 1063 yuan per share, which raised concerns about competition and revenue expectations [3][4] - Following the statement, Cambricon's stock experienced a slight recovery, with the decline narrowing to within 10% [4] Group 2 - Cambricon's 2025 revenue forecast is between 6 billion to 7 billion yuan, representing a growth of 410.87% to 496.02% year-on-year, with a projected net profit of 1.85 billion to 2.15 billion yuan [6] - The company attributes its expected revenue growth to the increasing demand for computing power in the AI industry and its competitive product offerings [6] - However, Cambricon's Q4 net profit is expected to be between 245 million to 545 million yuan, which is below market expectations [6] Group 3 - The competition in the domestic AI chip market is intensifying, with major internet companies ramping up their efforts [8] - Alibaba's self-developed AI chip "Zhenwu" has been launched, achieving significant deployment and surpassing Cambricon in shipment volumes [9] - Huawei and Baidu are also advancing their AI chip technologies, with Huawei planning to release several new chips by 2028 and Baidu launching new Kunlun chips for large-scale AI tasks [12][13]

AI芯片板块下跌1.02%，寒武纪下跌6.6%，沐曦股份下跌2.68%，摩尔线程下跌2.16%。（AI生成） AI芯片板块下跌1.02%，寒武纪下跌6.6%，沐曦股份下跌2.68%，摩尔线程下跌2.16%。（AI生成） ...

2026.02.03 本文字数：1273，阅读时长大约2分钟 作者 |第一财经 郑栩彤 寒武纪预计，2025年应该是该公司首个实现盈利的年度。寒武纪自2024年第四季度以来实现多个季度盈 利。2025年，寒武纪预计营收在60亿元~70亿元之间，同比增长410.87%~496.02%，预计净利润18.5亿元 ~21.5亿元，同比扭亏为盈。 2025年第三季度，寒武纪营收17.27亿元，同比增长1332.52%，净利润5.67亿元，同比转正。不过，环 比看，第三季度寒武纪营收环比下降了2.4%，净利润环比下降了17%。 按照业绩预告计算，寒武纪去年第四季度营收13.93亿元~23.93亿元，净利润2.45亿元~5.45亿元。按照 营收预测区间上限计算，寒武纪第四季度营收环比增长38%，但按照区间下限计算，寒武纪第四季度营 收环比下降约19%。净利润方面，第四季度寒武纪则预计环比下降3.9%~56.8%。 这或许意味着，在经历了快速的业绩增长后，寒武纪经营状况开始经历波动调整。 今日早盘，除了寒武纪股价大跌，A股多只国产AI芯片股股价也经历下跌，盘中摩尔线程 （688795.SH）跌超4%，海光信息（688041. ...

2026.02. 03 按照业绩预告计算，寒武纪去年第四季度营收13.93亿元~23.93亿元，净利润2.45亿元~5.45亿元。按照营收预测区间上限计算，寒武纪第四季度营收 环比增长38%，但按照区间下限计算，寒武纪第四季度营收环比下降约19%。净利润方面，第四季度寒武纪则预计环比下降3.9%~56.8%。 本文字数：1273，阅读时长大约2分钟 作者 | 第一财经 郑栩彤 上周五晚间发布2025年业绩预告后，寒武纪（688256.SH）股价本周一下跌，今日盘中又跌超13%，市值回落到4600亿元以下。 近日有市场传闻称，寒武纪小范围交流给出2026年营收200亿元的估计，远低于市场300亿元~500亿元预期。2月3日午间，就"交流会给出200亿元年营 收预计"的真实性，记者以投资者身份致电寒武纪证券事务代表，对方对第一财经表示，网上传播的关于2026年业绩指引的相关信息应该都是假的，相 关信息以公司公开披露的为准。 | 寒武纪-U(688256) | | | | | | | --- | --- | --- | --- | --- | --- | | 交易中 02-03 11:23:14 成1 通 融 | ...

上周五晚间发布2025年业绩预告后，寒武纪（688256.SH）股价本周一下跌，今日盘中又跌超13%，市值回落到4600亿元以下。 近日有市场传闻称，寒武纪小范围交流给出2026年营收200亿元的估计，远低于市场300亿元~500亿元预期。2月3日午间，就"交流会给出200亿元年营收预 计"的真实性，记者以投资者身份致电寒武纪证券事务代表，对方对第一财经表示，网上传播的关于2026年业绩指引的相关信息应该都是假的，相关信息 以公司公开披露的为准。 寒武纪预计，2025年应该是该公司首个实现盈利的年度。寒武纪自2024年第四季度以来实现多个季度盈利。2025年，寒武纪预计营收在60亿元~70亿元之 间，同比增长410.87%~496.02%，预计净利润18.5亿元~21.5亿元，同比扭亏为盈。 "报告期内，受益于人工智能行业算力需求的持续攀升，公司积极推动人工智能应用场景落地，本期营收较上年同期大幅增长，进而带动整体经营业绩提 升。"寒武纪就业绩变动的原因解释称。 随着2025年实现盈利，寒武纪的证券代号有望摘"U"。不过，从季度收入变化看，寒武纪或许开始经历收入环比下滑。 2025年第三季度，寒武纪营收17. ...

近期，国产AI芯片上市公司业绩陆续发布，主营情况均有好转，但股价表现上却不尽如人意。 2月3日，寒武纪盘中大幅跳水，一度跌超14%，截至午间收盘，下跌12.88%，摩尔线程下跌4.70%，沐曦股份收跌5.11%。 市场传言颇多。以寒武纪为例，一说是对平头哥竞争预期的担忧。另有说法称寒武纪最近组织了一个小范围交流，今年营收指引是200亿元， 而市场预期是300亿-500亿元，不及预期。 有媒体以投资者身份致电寒武纪董秘办，对方回应称，"市场上有很多的传闻，都是假的。公司也没有召开内部交流会。二级市场资金、情绪 的波动较多，大家理性对待。" 1月27日，沐曦股份业绩预告称公司去年归属于母公司所有者的净利润预计将出现亏损，归属于母公司所有者的净利润预计亏损65,000.00万元 至79,800.00万元，与上年同期相比，亏损收窄43.36%至53.86%。 对于业绩变化原因，沐曦股份称，"公司产品及服务获得下游客户的广泛认可与持续采购，报告期内收入规模较上年同期实现显著增长。报告 期内，公司股份支付费用较上年同期有所减少，该项因素对公司利润产生正向影响，降低公司亏损幅度。" 对于业绩变化原因，寒武纪解释，"报告期内 ...

Core Viewpoint - Cambricon is expected to achieve its first profitable year in 2025, but it may be experiencing a decline in quarterly revenue [1][3]. Group 1: Financial Performance - Cambricon forecasts revenue between 6 billion to 7 billion yuan for 2025, representing a year-on-year growth of 410.87% to 496.02%, with a net profit of 1.85 billion to 2.15 billion yuan, marking a turnaround from losses [3]. - In Q3 2025, Cambricon reported revenue of 1.727 billion yuan, a year-on-year increase of 1332.52%, and a net profit of 567 million yuan, also showing a positive shift [5]. - However, on a quarter-on-quarter basis, Q3 revenue declined by 2.4% and net profit decreased by 17% [5]. Group 2: Market Reactions and Comparisons - Following the earnings forecast announcement, Cambricon's stock price dropped significantly, falling over 13% and bringing its market capitalization below 460 billion yuan [1]. - Other domestic AI chip stocks also experienced declines, with stocks like Moer Technology and Muxi Shares dropping by over 4% and 5% respectively [6]. - Moer Technology and Muxi Shares have also released their 2025 earnings forecasts, with Moer expecting revenue between 1.45 billion to 1.52 billion yuan and Muxi expecting revenue between 1.6 billion to 1.7 billion yuan, both showing significant year-on-year growth but still reporting losses [6].

Group 1 - The combined market capitalization of Samsung Electronics and SK Hynix has reached $1.11 trillion, surpassing that of Alibaba and Tencent, highlighting the shift in the investment landscape of Asian tech stocks driven by the AI boom [1] - The rise of Korean chip manufacturers is attributed to their central role in the AI supply chain, benefiting from the growing demand for infrastructure in the AI sector, while Alibaba and Tencent are still in the early stages of AI involvement [1] - The market capitalization shift reflects the different developmental paths of South Korea and China, with South Korea positioning itself as a key supplier to global leaders like Nvidia, while China focuses on achieving technological self-sufficiency [1] Group 2 - Samsung Electronics' stock has risen by 34% this year, while SK Hynix's stock has surged approximately 37%, in contrast to Alibaba's 14% increase and Tencent's stagnant performance [4] - The growth of these Korean companies is driven by their leadership in high-bandwidth memory (HBM) chips, which power AI accelerators and benefit from the willingness of hyperscale data centers to pay a premium [4] - The unprecedented demand for memory chips has granted these companies significant pricing power, with the memory supercycle expected to last until 2027, enhancing the importance of the memory industry [4] Group 3 - In contrast to South Korea's dominance in the global AI sector, China is increasingly leaning towards domestic alternatives due to U.S. export restrictions on advanced chips [6] - The recent tech boom in China is primarily led by domestic AI chip design companies, although some startups focused on large language models are lagging behind [6] - While Alibaba and Tencent are involved in AI, their focus remains on developing models that serve their core businesses, indicating a potential long-term growth stability advantage for Chinese internet giants [6]

2月3日早盘，寒武纪持续走低，截至11时20分，跌幅为13.86%，股价报1069.81元/股，总市4511亿元。此外，国产AI芯片板块多股走低，摩尔线程跌 4.91%，沐曦股份跌5.30%，海光信息跌2.56%。 上证报中国证券网讯（记者 王玉晴）2月3日早盘，寒武纪持续走低，截至11时20分，跌幅为13.86%，股价报1069.81元/股，总市4511亿元。此外，国产AI芯 片板块多股走低，摩尔线程跌4.91%，沐曦股份跌5.30%，海光信息跌2.56%。 K线 5日 ▽ 5 15 30 60 日 周 月 更多周期 ~ 走势叠加 ~ 竞价 ~ 到价提醒 大单格 ◁》 股东大会：于2026-02-06召开2026年第一次临时股东大会 摩尔线程-U 542.01 -4.91% 分时 均线 所属行业: 半导体 603.80 (2 595.35 586.90 578.45 570.00 561.55 V 553.10 544.65 536.20 252 |||||1 126 IIII III Hollillindo... Landmin | | MACD (12,26,9) DIF:-0.1257 ↑ DEA:- ...