Goldman Sachs lifted its price target on Cambricon to CNY 1,835, up from the current share price of 1,243.
The bank cited three key drivers behind the upgrade:
Rising capital expenditure from China’s cloud giants such as Tencent.
Broader diversification of chipset platforms, including developments like DeepSeek 3.1.
Continued investment in research and development.
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Cambricon Technologies is a Beijing-based, partially state-owned semiconductor firm
founded in 2016 as a spin-off from the Chinese Academy of Sciencesspecializes in designing AI processors and GPGPUs for deep learning applications across cloud servers, edge devices, and intelligent terminalsnicknamed “China’s Nvidia” This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about goldman sachs raises chinese ai chip giant cambricon s target price by 50 was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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