Professional
Added to YB: 2026-07-02
Pitch date: 2026-06-29
688256.SS [bullish]
Cambricon Technologies Corporation Limited
-0.21%
current return
Author Info
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Company Info
Cambricon Technologies Corporation Limited engages in the research, development, design, and sale of core AI chips for terminal devices in China.
Market Cap
CNY 1.0T
Pitch Price
CNY 1.5K
Price Target
2.1K (+39%)
Dividend
0.06%
EV/EBITDA
339.22
P/E
370.88
EV/Sales
120.45
Sector
Semiconductors and Semiconductor Equipment
Category
growth
CAMBRICON 688256: Macquarie initiates BUY & stock flat.
688256.SS: Macquarie initiates Outperform, TP Rmb2,060 (41% TSR, 105x FY27E PE, 0.8x PEG). China's #2 AI ASIC designer, 6 gens cloud chips + NeuWare software, R&D Rmb7.9bn+. Shift to cloud/LLM clients boosts margins. But US$140bn cap at 1/100th NVDA rev; risk: competing w/Huawei. Small long.
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