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Goldman Sachs Boosts Cambricon's Price Target to RMB 2,104 in Just a Week
3 week ago /
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Author：小编
Cambricon's impressive second-quarter performance has prompted Goldman Sachs to elevate its 12-month price target to RMB 2,104 for the second time in a week, signifying a 14.7% surge. Citing factors like the surge in Cambricon's AI chip shipments, the reduction in operating expense ratios, and the expansion of China's cloud capital expenditures, Goldman Sachs has upwardly revised its net revenue forecasts for the period 2025-2030, with the 2025 forecast experiencing a 34% increase. Goldman Sachs anticipates that Cambricon's relentless investment in R&D for AI chips and software will further solidify its dominant position in the Chinese market and attract an influx of customers from internet firms and cloud service providers.
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