HK Stock Market Move | Semiconductor Manufacturing International Corporation (00981) rises more than 4%, expected to release its Q4 2024 performance report tomorrow. Institutions believe that the company's electronic consumer sector is expected to benefit from the increase in demand for AI at the end.

Semiconductor Manufacturing International Corporation (00981) rose more than 4%, and as of the time of writing, it rose by 4.07% to HK$48.55, with a trading volume of HK$877 million. On the news front, Semiconductor Manufacturing International Corporation is set to release its 24Q4 performance after hours on February 11, 2025. Tianfeng stated that the trend of capital expenditure in mainland data centers is expected to be in line with global trends. The demand growth for domestic computational chips benefiting from the trend of domestic substitution is expected to outperform the global average. As one of the few Chinese companies capable of mass producing advanced processes, Semiconductor Manufacturing International Corporation is expected to have strong bargaining power in China's advanced processes, which are likely to benefit from the local AI wave and continue to face high demand. The bank continued to point out that since the release of the domestic large model Deepseek-R1, the market feedback has been positive, and its strong capabilities combined with low costs are expected to accelerate the popularization of domestic AI applications. AI terminals are expected to see a comprehensive increase in demand, with Semiconductor Manufacturing International Corporation's 3Q24 revenue share in consumer electronics reaching 42.6%, while it reached 8.2% in the areas of interconnection and wearables. These related fields are expected to benefit from the surge in AI at the endpoint, exceeding previous market expectations.