12月4日晚，寒武纪发布严正声明称，我公司关注到今日媒体及网络传播的关于公司产品、客户、供应及产能预测等相关信息，均为误导市场 的不实信息。 在此，公司提醒广大投资者，我公司相关事项均以公开披露信息为准，请各位投资者提高信息辨别能力，不传播、不采信来源不明或未经核 实的虚假信息。 此外，对于任何捏造、散布传播不实信息的行为，公司将保留追究相关人员法律责任的权利。 12月4日，寒武纪尾盘短线快速拉升，截至收盘涨2.75%，报1369元/股。 （声明：文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。） 来源丨 寒武纪科技、公开行情 编辑丨江佩佩 见习编辑张嘉钰 飞天茅台跌至1545元，段永平回应拼多多1399元茅台 起底教育盗版灰色产业链 SFC 21君荐读 港股科技股急拉，小米涨超4%，铜价飙涨创新高，高盛发出警告 ...

Core Viewpoint - The company, Cambrian, has issued a formal statement denying misleading information circulating in the media and online regarding its products, customers, supply, and capacity forecasts [1] Group 1 - Cambrian emphasizes that all relevant matters should be based on publicly disclosed information and urges investors to enhance their ability to discern information [1] - The company warns against the dissemination of unverified or false information and reserves the right to pursue legal action against those who fabricate or spread such misinformation [1]

此外，对于任何捏造、散布传播不实信息的行为，公司将保留追究相关人员法律责任的权利。 以下为原文： 12月4日，寒武纪发布严正声明。 公司关注到今日媒体及网络传播的关于公司产品、客户、供应及产能预测等相关信息，均为误导市场的不实信息。 在此，公司提醒广大投资者，公司相关事项均以公开披露信息为准，请各位投资者提高信息辨别能力，不传播、不采信来源不明或未经 核实的虚假信息。 ...

Core Viewpoint - The company, Cambrian, has issued a statement addressing misleading information circulating in the media and online regarding its products, customers, supply, and capacity forecasts [1] Group 1 - The company emphasizes that all relevant matters should be based on publicly disclosed information [1] - Investors are advised to enhance their ability to discern information and to refrain from spreading or believing unverified or false information [1] - The company reserves the right to pursue legal action against individuals who fabricate or disseminate false information [1]

Core Insights - Beijing is recognized as the leading city for artificial intelligence innovation in China, showcasing significant advancements and contributions to the AI sector [2][4]. Industry Overview - Beijing accounts for 40% of the 148 top global AI scholars among the top 2000, and its AI core industry scale reaches nearly 350 billion, with over 2400 related enterprises, both representing half of the national totals [4]. - The city has established a self-sufficient "chip matrix" in the AI chip sector, featuring leading domestic products such as Kunlun, Cambricon, Moore Threads, and Qingwei Intelligence, along with groundbreaking achievements like the world's first all-optical AI chip [6]. AI Models and Applications - In the realm of large models, Beijing leads with 183 registered models, including popular applications like Doubao, Zhipu, Kimi, and Wenxin, solidifying its position in the global first tier [8]. - The city has initiated a large-scale municipal AI industry investment fund and was the first to launch the "AI+" action plan, promoting the integration of AI into everyday life [9]. Innovation Capability - Beijing's strength in AI lies in its comprehensive innovation capability across the entire chain, from research and development to application and industry, reinforcing its status as the "first city of artificial intelligence" [9].

Group 1 - The core viewpoint is that both Kweichow Moutai and Cambricon have reached significant stock price milestones, reflecting the "quality and price" logic in the A-share market [1][2] - Kweichow Moutai's high stock price is supported by brand scarcity, product demand exceeding supply, and stable performance, leading to high valuation and investor recognition [1][2] - Cambricon's rise showcases the premium pricing logic in the technology sector, driven by strong product performance and high investor expectations for future earnings growth [1][2] Group 2 - The deepening of the "quality and price" logic is expected to drive three major trends in the A-share market: restructuring of valuation systems, reshaping of industry dynamics, and upgrading of investment philosophies [2] - The traditional price-to-earnings (P/E) valuation method will be replaced by quality premiums, with companies possessing core technologies and brand barriers enjoying higher valuation premiums [2] - Quality companies will enhance market concentration through mergers and acquisitions, while inferior companies will be eliminated, leading to a concentration of market resources towards high-quality firms [2] Group 3 - The concept of "quality and price" is not limited to high-priced stocks; companies that build core advantages in quality, technology, and brand have the opportunity to gain long-term investment value in the capital market [3] - Identifying and holding such quality assets can provide investors with opportunities for profit amid long-term market fluctuations, as most quality stocks tend to exhibit a slow bull market trend [3]

Group 1 - The core viewpoint is that both Kweichow Moutai and Cambricon have reached significant stock price milestones, reflecting the "quality and price" logic in the A-share market [1][2] - Kweichow Moutai's high stock price is supported by brand scarcity, product demand exceeding supply, and stable performance, leading to high investor recognition [1] - Cambricon's rise showcases the premium pricing logic in the technology sector, driven by strong product performance and high investor expectations for future earnings growth [1] Group 2 - The deepening of the "quality and price" logic is expected to drive three major trends in the A-share market: restructuring of valuation systems, reshaping of industry patterns, and upgrading of investment philosophies [2] - The traditional price-to-earnings (P/E) valuation method will be replaced by quality premiums, with companies possessing core technologies and brand barriers enjoying higher valuation premiums [2] - Quality companies will enhance market concentration through mergers and acquisitions, while inferior companies will be eliminated, leading to a concentration of market resources towards high-quality firms [2] Group 3 - The concept of "quality and price" is not limited to high-priced stocks; companies that build core advantages in quality, technology, and brand have the opportunity to gain long-term investment value in the capital market [3] - Identifying and holding such quality assets can provide investors with opportunities for profit amid long-term market fluctuations, as most quality stocks tend to exhibit a slow bull market trend [3]