Cambricon Issues Stern Denial Amid 2026 Revenue Guidance Concerns

Deep News02-03 14:02

On February 3, shares of domestic AI chip leader Cambricon Technologies Corporation Limited experienced a significant intraday decline, drawing market attention. By the midday close, Cambricon's stock price had fallen nearly 13% to 1,082 yuan per share, with the company's total market capitalization concurrently retreating to approximately 450 billion yuan.

A circulating market rumor noted by 21 Refutation claimed that Cambricon had recently organized small-scale investor communications and provided 2026 revenue guidance that fell short of market expectations. This rumor was considered one of the key triggers for the unusual stock price movement.

In response to an inquiry from a 21 Quick News reporter posing as an investor, Cambricon stated: "Specific company-related information should be based on the company's publicly disclosed information. There is a lot of information in the market, and its source cannot be confirmed, nor can its authenticity be verified; this may involve some mixed rumors and false information."

Notably, in the afternoon of the same day, Cambricon's official WeChat account issued a "Stern Statement," clarifying that the company had noticed the online dissemination of false information regarding recent small-scale communications. The company affirmed it had not organized any such small-scale meetings recently and had not issued any annual or quarterly revenue guidance data, advising that all relevant information should be sourced from its public disclosures. The statement also emphasized that the company's current R&D progress is smooth, and operations are advancing steadily.

In the statement, Cambricon reminded investors that all company matters should be based on publicly disclosed information. It urged investors to enhance their ability to discern information, refrain from spreading or trusting unverified or unsubstantiated false information. Furthermore, the company stated it reserves the right to pursue legal action against any individuals involved in fabricating or disseminating false information.

According to its official website, Cambricon, fully named Cambricon Technologies Corporation Limited, was founded in 2016. It specializes in the research, development, and technological innovation of artificial intelligence chip products, committed to creating core processor chips for the AI sector. Cambricon's products are widely used by server manufacturers and industrial companies, providing ample computing power for complex AI application scenarios in internet, finance, transportation, energy, power, and manufacturing fields, thereby driving industrial upgrades empowered by artificial intelligence.

(The content of this article is for reference only and does not constitute investment advice. Investors proceed at their own risk.)

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