On February 3, the stock price of Cambrian, a prominent domestic AI chip firm, took a sharp nosedive during intraday trading. By the time the market reached its midday break, the share price had dropped to 1,082.09 yuan per share. This represented a substantial 12.88% decline, wiping out close to 70 billion yuan in market value. As a result, the company's total market capitalization tumbled to 456.3 billion yuan.

Market whispers were circulating that Cambrian had recently arranged a small-scale communication meeting. During this meeting, it allegedly provided a revenue forecast for 2026, projecting 20 billion yuan in revenue. This figure was notably lower than the market's lofty expectations, which ranged from 30 to 50 billion yuan.

In reaction to these rumors, Cambrian issued a formal and serious statement. The company firmly denied organizing any such small-scale communication session or offering any revenue guidance. It emphasized that all pertinent information should be derived from public disclosures. Cambrian also urged investors to sharpen their ability to distinguish between true and false information. It cautioned against spreading or relying on unverified and false information. Moreover, the company made it clear that it reserves the right to take legal action against relevant individuals.

Previously, Cambrian's performance forecast for 2025 had indicated that the company anticipated achieving annual revenue of 6 to 7 billion yuan. This would mark a significant year-on-year increase of 410.87% to 496.02%. Additionally, the net profit was projected to range from 1.85 to 2.15 billion yuan, indicating a transition from losses to profits on a year-on-year basis.