# STAR Market
Latest news and articles about STAR Market
Total: 3 articles found
China’s Premier AI Chipmaker Sees Shares Plummet as Company Blames Rumours and Market Sentiment
Cambricon’s shares tumbled up to 14% intraday on 3 February, reducing its market value to about RMB 450 billion. The company said it did not know the precise cause, dismissed many market rumours as false, and attributed the move to secondary-market fund flows and sentiment. The episode highlights the fragility of AI-related valuations in China and the importance of timely corporate communication to prevent rumor-driven volatility.
China’s AI Chipmaker Cambricon Denies Rumours After Sharp Share Drop, Flags Legal Action
Cambricon denied circulating rumours that it held a private meeting issuing RMB20 billion revenue guidance after its shares fell over 13% on Feb. 3. The company said it had not provided any guidance, affirmed steady R&D progress, and warned it may take legal action against those spreading false information. The incident highlights how social-media rumours can quickly unsettle China’s AI and technology stocks.
Chinese AI-Compute Upstart Suiyuan Clears STAR Market IPO Hurdle, Seeks Rmb6bn to Build Homegrown GPU Stack
Shanghai Suiyuan Technology’s STAR Market IPO has been accepted as it seeks Rmb6 billion to scale AI accelerator cards, clusters and integrated solutions. Backed by Tencent and state-affiliated investors, the company sits at the intersection of China’s push for domestic AI compute capacity and growing demand for alternatives to Western GPUs.