Cambricon Stock Hits Record High With 16% Surge, Denies Bulk Chip Supply Claims

According to Bitget data reported by BlockBeats, Cambricon stock surged over 16% intraday on June 18, reaching a record market cap of approximately 965.6 billion yuan. The company's securities representative denied circulating claims about large-scale chip supplies to domestic internet companies, stating that reports of internal discussions regarding shipments of 580 and 690 model chips are unverified online content. Cambricon clarified it has not held recent internal exchange meetings and urged investors to rely on official announcements only.
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