Stellar shift: Cambricon surpasses Moutai as China's most expensive stock, highlighting the triumph of semiconductors over baijiu
In a recent analysis, Cinda Securities' analyst Mo Wenyu has suggested that the release of DeepSeek's AI model V3.1 could potentially drive a significant acceleration in the AI chip substitution process, creating strategic opportunities for the domestic AI chip industry.
According to Mo Wenyu, the Chinese AI company DeepSeek is spearheading this technological advancement, although the specifics of their AI development remain unspecified. The analyst's perspective indicates a potential shift in the AI chip industry, with the domestic industry chain set to experience significant opportunities due to DeepSeek's AI model V3.1.
The market value of Cambricon, a key player in the AI chip industry, now stands at a staggering 579.38 billion yuan (approximately US$81 billion). The company's shares, trading under the symbol 688256 in Shanghai, have more than doubled this year. On Monday, Cambricon's shares increased by 11.60%, reaching a record high of 1,384.93 yuan.
In the past 12 months, Cambricon's stock has surged fivefold, reflecting the growing optimism in the AI chip industry. Mo Wenyu's analysis does not specify the exact implications of the AI chip substitution process or the role of DeepSeek's AI model V3.1 in it, but the analyst believes that this collaboration may significantly reduce the need for overseas computing power.
Mo Wenyu also noted that China's AI development is entering a stage of software-hardware collaboration, implying a closer integration of AI software and hardware technologies. The analyst's viewpoint implies that the release of DeepSeek's AI model V3.1 could potentially contribute to this process, potentially driving the AI chip substitution process.
However, the text does not provide any information about the market trends or factors influencing the surge in Cambricon's stock price. Moreover, the specific details of the stocks that Mo Wenyu considers worth watching were not provided in the text.
Despite these gaps, Mo Wenyu's analysis underscores the potential for the domestic AI chip industry to benefit from the release of DeepSeek's AI model V3.1, and Cambricon's stock remains a notable entity in this context.
