Reports indicate that the production of AI chips is expected to double next year, with Cambricon surging in the late trading session, and a late-night "serious statement": untrue
Cambricon fell nearly 3% in early trading on Thursday, but surged in volume at the end of the session, closing up 2.75%, with a cumulative increase of 108% this year. Securities Times reported that there are reports indicating: Cambricon plans to triple its AI chip production by 2026, filling the market gap left by NVIDIA's exit. Investment bank Bernstein upgraded Cambricon's rating to outperform the market that day, with a target price of 2000 yuan, suggesting an additional 46% upside potential
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