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Cambricon’s Share Price Surges to Three-Month Peak in Early Trade, Morgan Stanley Cites Stronger-Than-Expected Results
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Author：小编
On the morning of April 30, Cambricon’s share price jumped over 7%, reaching its highest intraday level in three months. According to Morgan Stanley, Cambricon’s revenue for the first quarter soared by 160% year-on-year, outperforming both the bank’s projections and broader market estimates. This growth was largely attributed to robust shipments of its MLU590 chip. Morgan Stanley has reaffirmed its "overweight" rating on the stock.
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