In today's trading session, shares of Cambricon experienced a remarkable surge, climbing over 16% to hit an all-time high. This surge propelled the company's market capitalization to a staggering 965.6 billion yuan, inching it closer to the trillion-yuan milestone. Meanwhile, recent rumors have surfaced regarding domestic internet companies seeking to procure computing power domestically. According to industry insiders, ByteDance is currently in discussions with Iluvatar CoreX to purchase a minimum of 50,000 AI chips, primarily intended for inference tasks. Huawei and Cambricon are also reportedly in the mix as potential suppliers.

Furthermore, a Cambricon internal memo, which has been circulating online recently, suggests that the company is set to deliver between 120,000 and 160,000 units of its 580-model chips to ByteDance in the second quarter of this year. Deliveries of the 690-model chips are expected to follow in the latter half of the year. In response to these rumors, Cambricon's securities affairs representative clarified that the memo in question was merely an "essay" circulating on the internet. The representative urged investors to exercise caution and rely solely on official information, emphasizing that Cambricon has not held any internal communication events recently.