HK Stock Market Move | Chip stocks continue to be strong in the near term. Alibaba and Baidu have developed their own AI chips. Domestic model training is gradually decoupling from overseas.

Chip stocks continue to be strong in the recent period. As of the time of writing, HUA HONG SEMI (01347) rose by 9.93% to 58.65 Hong Kong dollars; SOLOMON SYSTECH (02878) rose by 6.12% to 0.52 Hong Kong dollars; Semiconductor Manufacturing International Corporation (00981) rose by 5.47% to 71.4 Hong Kong dollars; SHANGHAI FUDAN (01385) rose by 3.05% to 41.22 Hong Kong dollars. On the news front, it has been reported recently that Alibaba and Baidu have started using internally designed chips to train AI large models. Alibaba mentioned in the latest financial report exchange meeting that in response to global AI chip supply and policy changes, the company is preparing a "fallback plan." Baidu's "Kunlun Chip P800" is also being adopted by internal and external customers. Guosen pointed out that recently, domestic computing chips are gradually replacing NVIDIA, reflecting the gradual decoupling of Chinese AI development from Western semiconductor ecosystem. In addition, the Ministry of Commerce has launched an anti-dumping investigation into US-made analog chips, recommending the analog chip and wafer foundry sectors. It is worth noting that on the evening of September 16, CCTV's "Xinwen Lianbo" program reported on the construction progress of the "China United Network Communications Sanjiangyuan Green Electricity Intelligence Calculation Center project," revealing Alibaba's latest developed PPU chip for artificial intelligence, which surpasses NVIDIA A800 in all major performance indicators and is equivalent to H20. In this report, CCTV introduced the signing or intended signing of contracts for various domestic AI chip brands such as Alibaba Pingtouge, Muxi Shares, Moore Threads, Birun Technology, Zhonghao Xinying, Taichuyuanqi, and Suiyuan Technology.