Cambricon Breaks 1 Trillion Yuan Market Cap, First Sci-Tech Board Stock to Hit Milestone

Cambricon's market capitalization exceeded 1 trillion yuan (approximately $139 billion USD) on June 30, marking the first time a Science and Technology board company reached this valuation milestone since the board's launch in 2019. The AI chip maker's stock rose 7.66% to close at 1,595.55 yuan, with intraday gains reaching 8%. Cambricon now ranks as the ninth largest listed company on China's A-share market by market cap, and leads all Sci-Tech board companies. Over the past 11 months, Cambricon's stock has surged approximately 363%, significantly outpacing the Sci-Tech board composite index, which gained roughly 50% year-to-date.
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