Goldman Sachs raises Chinese AI-chip giant Cambricon’s target price by 50%,

Goldman Sachs lifted its value goal on Cambricon to CNY 1,835, up from the present share value of 1,243.

The financial institution cited three key drivers behind the improve:

Rising capital expenditure from China’s cloud giants similar to Tencent.

Broader diversification of chipset platforms, together with developments like DeepSeek 3.1.

Continued funding in analysis and growth.

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Cambricon Applied sciences is a Beijing-based, partially state-owned semiconductor agency

based in 2016 as a spin-off from the Chinese language Academy of Sciencesspecializes in designing AI processors and GPGPUs for deep studying purposes throughout cloud servers, edge units, and clever terminalsnicknamed “China’s Nvidia”