According to the report of Hong Kong Media, Goldman Sachs raised the target price of Cambrian, a Chinese artificial intelligence (AI) chip designer, to 50% to RMB 1,835 on the 24th, mainly based on factors such as China's cloud computing capital...
According to the report of Hong Kong Media, Goldman Sachs raised the target price of Cambrian, a Chinese artificial intelligence (AI) chip designer, to 50% to RMB 1,835 on the 24th, mainly based on factors such as China's cloud computing capital expenditure, diversified chip platforms, and increased investment in Cambrian R&D.
After the early trading of Cambrian stocks jumped to a high of 1,400 RMB this morning, it once reached 1,391 RMB, up nearly 12%, setting a record high, with a market value of over 580 billion RMB; then the turnover shook, closing at 1,312.06 RMB, up 5.54%.
Goldman Sachs raised the Cambrian 2025-2027 pure profit forecasts by 59%, 28% and 29% respectively to reflect higher AI chip shipments. The report pointed out that in mid-August, the China Academy of Information and Communications Technology announced that eight companies including Cambrian, including Cambrian, once again issued Goldman Sachs' positive views on Cambrian's strong research and development capabilities through China's DeepSeek (DS) compliance test.
DeepSeek launched DeepSeek V3.1 version last week, and announced that the model version uses parameter accuracy with the Chinese chip structure, implying that Chinese chips are expected to be widely used in the future. Analysts pointed out that the uncertainty of the chain supply chain of international chip industry chains was released; the DeepSeek-V3.1, and the news report revealed that the GPU volume was sufficient. The Ministry of Industry and Information Technology of China recently stated that it will orderly guide the construction of computing power facilities to effectively improve the supply of computing power resources; accelerate the breakthrough of key core technologies such as GPU chips, and expand the supply of basic common technologies.
Analysts believe that the aforementioned information is conducive to the domestic industrialization of AI computing power and the development of Chinese local AI chips, and has led to the catalysis of Chinese computing power stocks again.
