Chip stocks continued to pick up. As of press release, Huahong Semiconductor (01347) rose 5.19% to HK$15.4; Shanghai Fudan (01385) rose 4.31% to HK$10.4; SMIC (00981) rose 3.1% to HK$15.32; and CLP Huada Technology (00085) rose 0.77% to HK$1.31.
The Zhitong Finance App learned that chip stocks continued to pick up. As of press release, Huahong Semiconductor (01347) rose 5.19% to HK$15.4; Shanghai Fudan (01385) rose 4.31% to HK$10.4; SMIC (00981) rose 3.1% to HK$15.32; and CLP Huada Technology (00085) rose 0.77% to HK$1.31.
CITIC Securities said it is optimistic about the investment opportunities brought about by the semiconductor sector driven by safety and innovation and the overall valuation restoration of the industry. Looking ahead to the full year of 2024, the semiconductor sector is expected to gradually recover from a low base in 2023. Favourable factors include rising storage product prices, continued strong AI demand, and inventory adjustments returning to normal levels.
Tianfeng Securities, on the other hand, pointed out that TSMC released 1Q24 results, leading to continued strong AI demand. It is expected that the semiconductor industry will recover moderately throughout the year, lowering the industry outlook, and being cautious about semiconductor demand in the automotive industry; Lenovo's release of new AIPC products, or driving a new rotation, the industry chain is worth paying attention to; it is optimistic about the storage sector's performance in the first quarter and optimistic about subsequent price trends.