Shanghai, January 20, 2026, 08:24 CST — Premarket
- Cambricon ended slightly lower, dropping 0.31% to 1,419.66 yuan.
- Cambricon led the pack in a Hurun AI ranking, shining a spotlight once again on AI chipmakers.
- Traders are factoring in fresh restrictions targeting high-speed trading in China’s markets.
Cambricon Technologies Corp Ltd’s Class A shares (688256.SS) listed in Shanghai are drawing attention ahead of Tuesday’s session, following another prominent corporate-value ranking that spotlighted China’s AI chipmakers.
Shares closed Monday at 1,419.66 yuan, slipping 0.31%, on roughly 6.9 million shares traded, according to MarketScreener’s end-of-day data. 1
Timing is crucial. AI-linked stocks in China have drawn heavy interest, but regulators are now cracking down on what they view as excessive market churn, just as the latest league table comes out.
Hurun’s “China AI Top 50,” unveiled Monday, named Cambricon the leader. AI chip companies Moore Threads and MetaX also ranked near the top, Xinhua reported. The list is based on market capitalisation calculated from closing prices as of Jan. 9. 2
Separately, China’s securities regulator has directed brokers to pull client-dedicated servers out of exchange data centres, sources told Reuters. This move targets the speed edge that some high-frequency traders exploit. High-frequency trading relies on lightning-fast computers and co-located servers to place orders in milliseconds. 3
“They want the markets concentrating on investment rather than speculation,” Shane Oliver, AMP’s chief economist, told Reuters. 3
Cambricon deals in chips and system software linked to AI computing, covering cloud and edge chips plus accelerator cards, per company data on TradingView. Its shares remain roughly 11% under the August 2025 high of 1,595.88 yuan—a level traders keep referencing after last year’s rally. 4
Peers are also in focus today, with the Hurun list’s highest ranks dominated by AI chipmakers. This underscores the growing perception that hardware now symbolizes China’s drive to develop its own computing power. 2
But concentration works both ways. If regulators’ recent moves curb speculative trading or reduce liquidity, high-beta tech stocks could see sharper swings on lighter volume, and crowded trades might unwind fast. 3
Traders will be closely monitoring if Cambricon follows the wider AI-chip market mood after the Hurun release in the next session, and whether fresh guidance on the server shift impacts turnover at the open. 2
