Most semiconductor stocks rose. As of press release, Jingmen Semiconductor (02878) rose 3.7% to HK$0.28; Shanghai Fudan (01385) rose 2.28% to HK$9.87; and SMIC (00981) rose 2.12% to HK$14.48.
The Zhitong Finance App learned that most semiconductor stocks rose. As of press release, Jingmen Semiconductor (02878) rose 3.7% to HK$0.28; Shanghai Fudan (01385) rose 2.28% to HK$9.87; and SMIC (00981) rose 2.12% to HK$14.48.
According to the news, global semiconductor sales increased 16.3% year on year in February 2024, achieving year-on-year growth for 4 consecutive months and falling 3.1% month on month. Zhongyuan Securities believes that the semiconductor industry is currently at the bottom of the downward cycle. Global semiconductor monthly sales continue to grow year on year, consumer demand is gradually recovering, and the current valuation of the semiconductor industry is lower than the median value of nearly ten years.
Tianfeng Securities said it is expected that the 2024 semiconductor cycle is expected to start recovering. I am optimistic that AI will drive the semiconductor cycle upward. Incremental aspects: Focus on AI's incremental hardware, including cloud computing power, terminal NPU, and increased storage space. Inventory side: Focus on the combination of AI hardware and AI applications to drive switching demand (mobile phones and PC markets are expected to resume growth in 2024, AI will accelerate growth), further driving the entire industry chain to exceed expectations.