Cambricon Technologies, the Beijing-primarily based entirely entirely chipmaker considered as a doubtless different to Nvidia’s graphics processing models (GPUs), reported a file earnings surge within the most important half amid a Chinese stock market frenzy pushed by DeepSeek’s leap forward AI models.
Cambricon’s earnings surged 4,348 per cent yr on yr to 2.88 billion yuan (US$403.8 million) within the most important six months of 2025, a file excessive for the company because it went public in 2020.
Revenue reached 1.04 billion yuan, reversing a secure lack of 533 million yuan considered within the most important half of 2024, in response to its financial file filed to the Shanghai Inventory Exchange on Tuesday.
The corporate’s shares surged 6 per cent on Wednesday morning to commerce at 1,408.9 yuan per fragment, persevering with a rally that has considered a virtually 10-fold amplify over the previous two years.
The stock has better than doubled over the previous month, leading an AI-pushed stock market frenzy that bought a additional enhance after Chinese originate-up DeepSeek acknowledged its most up-to-date V3.1 mannequin became trained the employ of a new knowledge layout which became “fair correct for residence-grown chips soon to be launched”.
Cambricon attributed the earnings surge to its “continued market growth and filled with life increase for the implementation of AI applications”, in response to the financial file.
