HK Stock Market Move | Chip stocks continued their recent uptrend. Shanghai Fudan (01385) rose more than 4%, while Hua Hong Semi (01347) rose more than 3%.

Chip stocks continue to rise recently. As of press time, Shanghai Fudan (01385) rose 4.71% to 43.6 Hong Kong dollars; Hua Hong Semi (01347) rose 3.12% to 89.2 Hong Kong dollars; HG Semi (06908) rose 1.92% to 0.53 Hong Kong dollars; Semiconductor Manufacturing International Corporation (00981) rose 1.75% to 84.25 Hong Kong dollars. Huaxin Securities pointed out that domestic technology assets are rapidly appreciating, especially core AI computing assets are increasing rapidly. This is mainly due to the gradual industrialization and rapid iteration of domestic high-end AI computing investment. The era of domestic AI chips has arrived. The domestic AI industry chain is fully connected, from upstream advanced processes to advanced packaging, to downstream model acceleration and iteration upgrades by companies like ByteDance, Alibaba, and Tencent. We firmly believe in the accelerated breakthrough of domestic AI computing facilities. Minsheng Securities stated that under the background of the great power technology game, the trend of domestication of core hardware and software is emerging. Domestic computing power is expected to resonate with domestic software, jointly promote the construction of a domestic ecosystem, and then achieve the important goal of high-level technological self-reliance.