Zhang Jianping Exits Cambricon Top Shareholders
Cambricon's Q1 2026 report shows Zhang Jianping out of top 10 shareholders as of March 31. He previously held 6.8149 million shares, ranking 5th in 2025 annual report.
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Meta Plunges 8% as US Indices Enter Correction
US stock indices closed sharply lower on March 26, with Nasdaq down 2.38% confirming a correction over 10% from its October high. Tech stocks led the decline, Meta dropping nearly 8% for its biggest daily loss since late October. AI chipmakers like AMD, Intel, Nvidia, and others such as Tesla and Google also fell over 3-11%.
Funds Pile into Electronics, Dump Power Stocks
Morning net inflows hit electronics, communication, computer, defense, and mechanical sectors. Outflows seen in power equipment, non-bank finance, autos, chemicals, real estate. Cambricon led outflows at 1.232B yuan, while Jin Kai New Energy topped inflows at 2.155B yuan.
Muxi Shares Loss Narrows but Stock Plunges 40%
Muxi Shares forecasts Q1 revenue of 400-600M CNY, up 25-87% YoY. Despite revenue growth, expects net loss of 90.8-182M CNY. Stock price has fallen 40%.
A-Shares High Open, AI Chips Surge
A-share indices opened strongly: Shanghai Composite up 0.67%, Shenzhen Component 1.74%, ChiNext 2.27%. Semiconductors rallied with Huacan Optoelectronics limit up, Baiwei Storage over 10%, VeriSilicon over 5%; AI wearables strong as Canaan Smart rose over 18%. Oil/gas sector adjusted lower.
Intel Falls 3%+ as Tech Giants Slip Pre-Market
US large-cap tech stocks declined broadly in pre-market trading. Intel dropped over 3%, Nvidia, Amazon, Google, Netflix over 2%, Tesla, Microsoft, Meta over 1%, and Apple by 0.54%.
Merz Urges German Overtime After China Manufacturing Tour
German leader Merz calls for longer hours post-China visit, stunned by distributed manufacturing speed. Contrasts Western CPU-like linear production with China's GPU-parallel supplier networks. Cites DeepSeek V4 on Huawei Ascend as ecosystem synergy example.
China Accelerates Liquid Cooling for AI Centers
Chinese firms are ramping up liquid cooling investments as AI data centers exceed air cooling capacities. Dozens of listed companies, including Sanhua Intelligent Controls, plan expansions. Demand surges for fluid-based cooling of high-density AI chip racks.
Enflame Nears Shanghai IPO Listing
Enflame Technology started IPO inquiry on Shanghai's Star Market. The AI chip unicorn follows hot semiconductor listings. Investor demand for domestic AI chips stays robust.