On October 11th, China Fortune Securities published a research report highlighting Cambricon's exceptional performance, noting that its AI computing chips have garnered widespread acclaim from downstream customers. Within the AI hardware domain, the Cambricon team has successfully engineered a variety of intelligent processors and chips, including the Cambricon 1A, 1H, and 1M series, tailored for end-user applications.
When it comes to AI software, the large-scale commercial deployment of intelligent chips necessitates a delicate balance between user-friendliness and programmability, a feat that hinges on robust software platform support. China Fortune Securities posits that, with the harmonious advancement of Cambricon's hardware and software capabilities, its AI computing chips are poised to capture a larger market share, thereby fostering a sustained upswing in the company's financial performance. Consequently, the firm has initiated coverage on Cambricon with a 'Buy' investment recommendation.