Lates News

Goldman Sachs maintains a positive view on the strong performance announced by Cambricon in the second quarter and has raised the 12-month target price to 2104 RMB, an increase of 14.7% . This is the second time in about a week that Goldman Sachs has raised Cambricon's target price. Analysts at Goldman Sachs, such as Verena Jeng, pointed out in the report that considering the second quarter performance, higher shipments of artificial intelligence chips, lower operating expense ratios, and reflecting the expansion of China's cloud capital expenditure, they have raised the net income forecast for Cambricon in 2025-2030, with the highest increase this year at 34%. It is expected that Cambricon's continued investment in research and development of artificial intelligence chips and software will solidify its market-leading position in the domestic artificial intelligence chip field, and will expand its customer base from software companies and enterprises to more internet companies and leading cloud service providers.