Goldman Sachs recently announced that Cambricon's second-quarter results were robust, reinforcing their positive assessment of the company and increasing the 12-month target price by 14.7% to 2104 yuan. This marks the second consecutive week that Goldman Sachs has elevated Cambricon's target price. In their report, analysts at Goldman Sachs, led by Verena Jeng, cited the second-quarter's stellar performance, the surge in AI chip shipments, the reduction in operating expense ratios, and the expansion of China's cloud capital expenditures as reasons for raising their net income forecasts for Cambricon from 2025 to 2030. Notably, this year's forecast has seen an increase of up to 34%, the highest in recent years. Goldman Sachs anticipates that Cambricon's relentless investment in AI chip and software R&D will solidify its dominant position in China's AI chip market and enable it to broaden its customer base beyond software companies and enterprises to include more internet firms and leading cloud service providers.