Chinese artificial intelligence chipmaker Cambricon Technologies has issued a warning to investors about elevated trading risks following a rapid surge in its stock price. The company's shares have increased by approximately 134% within one month, reaching new highs that may not reflect the underlying business fundamentals. Cambricon cautioned that investors participating in trading could face substantial risks due to this price deviation. Additionally, the company indicated that its revenue for the second half of the year could decline by more than 20%, contributing to concerns about its near-term financial performance. Following the warning, Cambricon's stock opened down 6.8%, reflecting market reaction to the company's cautious outlook.
El fabricante chino de chips de inteligencia artificial Cambricon emitió una advertencia a los inversores sobre los elevados riesgos comerciales después de que sus acciones se duplicaran con creces en un mes. https://t.co/0ExRM5kWgT 📸: Qilai Shen/Bloomberg https://t.co/OOQb3UHj72
CHINESE AI CHIPMAKER CAMBRICON OPENS DOWN 6.8%, WARNS H2 REVENUE COULD DROP OVER 20%. #CHINA #AI #CAMBRICON #CHINA $SHCOMP $SSEC $ASHR $HSI $KWEB $FXI $HXC $DRAG $YINN $YANG https://t.co/dXDMSLFt4v https://t.co/F7iGUA7mxW
Cambricon Technologies Warns of Trading Risks After Stock Surges https://t.co/maSxZzE0Xr