On August 22nd， the prominent stock Cambricon experienced a significant surge， marking a new high in its performance.
In the morning trading session on August 22nd， Cambricon， often referred to as China’s “Nvidia，” demonstrated robust strength. The stock saw a substantial intraday increase of nearly 14%， reaching a new historical high. Its market capitalization surpassed 494 billion yuan， effectively overtaking SMIC and claiming the top spot in market value on the STAR Market， thus becoming the new leader on the sci-tech innovation board.
It’s worth noting that by 11:30 AM， Cambricon’s stock price had seen a slight pullback. The latest traded price was 1164.45 yuan. In comparison， SMIC’s stock price was 98.59 yuan.
Despite this minor adjustment， the ChiNext index was up by over 1% in the same period， with the computing power sector， where Cambricon is situated， leading the gains. This indicates a broader positive sentiment surrounding technology and innovation-driven stocks.
Notably， Cambricon had already set a new record high and reached a market capitalization of over 440 billion yuan on the previous day， August 21st.
By the close of trading on August 21st， Cambricon’s turnover reached 11.93 billion yuan， ranking first among all stocks on the STAR Market. This substantial trading volume underscores the significant investor interest in the company.
In terms of news， DeepSeek， in an official article announcing the release of DeepSeek-V3.1， mentioned that UE8M0 FP8 is designed for the upcoming generation of domestic chips. This statement suggests continued advancements in China’s domestic semiconductor capabilities， particularly in the AI arena.
CITIC Securities analysis suggests that Artificial Intelligence (AI) will continue to be the most significant driver for the upward growth of the semiconductor industry. On one hand， demand for cloud-based AI remains exceptionally strong， fueled by the increasing adoption of AI technologies in data centers and enterprise solutions. On the other hand， the implementation of AI applications at the terminal level is expected to accelerate， bringing new growth opportunities.
Against this backdrop， domestic semiconductor manufacturers are poised to benefit significantly from the ongoing development of the AI industry. The investment logic for listed companies in this sector can be divided into two main tracks: focusing on localization for cloud-side AI， and identifying downstream growth opportunities for terminal-side AI. This strategic focus highlights the opportunities arising from both the infrastructure build-out for AI and the proliferation of AI-powered devices and services.
