Cambricon's stock price plunged nearly 14% intraday, and the company responded that it was unaware of the reason for the fluctuation, stating that many rumors circulating in the market were false.

PANews reported on February 3 that Cambricon's stock price plummeted during trading today, falling nearly 14% at one point, bringing its total market capitalization back to around 450 billion yuan. Regarding the stock price drop, a staff member at Cambricon's board secretary office stated, "We are not entirely clear on the reasons for this (stock price fluctuation). Firstly, there are many rumors circulating in the market, which are definitely false. Secondly, there are significant fluctuations in secondary market funds and sentiment; everyone should remain rational."