Semiconductor stocks had the highest gains. As of press release, Shanghai Fudan (01385) rose 9.39% to HK$13.74; SMIC (00981) rose 6.06% to HK$16.8; and Huahong Semiconductor (01347) rose 4.99% to HK$16.82.
The Zhitong Finance App learned that semiconductor stocks had the highest gains. As of press release, Shanghai Fudan (01385) rose 9.39% to HK$13.74; SMIC (00981) rose 6.06% to HK$16.8; Huahong Semiconductor (01347) rose 4.99% to HK$16.82; and CLP Huada Technology (00085) rose 3.36% to HK$1.54.
According to the news, Huajin Securities pointed out that after experiencing an inventory removal cycle in 2022 and 2023, sales are expected to recover in 2024. The logic chip market space is huge, and domestic manufacturers have huge replacement space. The rapid development of AI technology has spawned a rapid increase in computing power demand, bringing huge development opportunities to the domestic and foreign computing power industry chains.
Tianfeng Securities said that the semiconductor industry is currently in a relatively low range. In the short term, sensitivity to demand-side changes should be increased, and financial statements that prioritize recovery are expected to be improved on a priority basis. In the long run, semiconductor blue chip stocks are currently at a low level of valuation, and companies that continue to optimize and iterate in terms of operation are expected to achieve better market share and profit levels in the next cycle.