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Cambricon's stock price plummeted significantly during trading. The company responded: "We are not aware of the specific reasons, and many market rumors are false."
Odaily Planet Daily reports that today, Cambrian’s stock price plummeted significantly during trading, dropping nearly 14% at one point, with the total market capitalization falling back to around 450 billion yuan. Regarding the company’s stock price plunge, a staff member from Cambrian’s Secretary Office stated: “We are not very clear about the reason for this (price fluctuation). First of all, there are many rumors in the market, and they are definitely false. Then, the secondary market funds and sentiment are still quite volatile, so everyone should approach this rationally.” (Meiri.com)