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Cambrian, a leading domestic AI chip company, has witnessed a remarkable surge in its share price over the past month. On August 28, the company's total market capitalization peaked at 664.303 billion yuan. Despite a subsequent dip of nearly 40 billion yuan the following day, Cambrian continues to be favored by institutional investors. On the same day, the company issued a risk warning announcement, noting that its share price appreciation significantly outpaces that of its industry peers and related indices, posing a risk of deviation from current fundamentals. Additionally, Cambrian projects its annual revenue for 2025 to range between 5 billion and 7 billion yuan and clarifies that it has no immediate plans to introduce new products. Operating under the Fabless model, Cambrian also faces risks associated with supply chain stability.
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