HK Stock Market Move | Chip stocks lead the way in gains, with HBM4 prices jumping 50% and igniting the market. The semiconductor industry's performance in the first three quarters of the year is outstanding.

Chip stocks lead the way, as of the time of publication, Semiconductor Manufacturing International Corporation (00981) increased by 5.3% to 75.45 Hong Kong dollars; HUA HONG SEMI (01347) rose by 4.29% to 76.6 Hong Kong dollars; SHANGHAI FUDAN (01385) increased by 3.14% to 40.74 Hong Kong dollars; ZTE Corporation (00763) rose by 2.8% to 32.28 Hong Kong dollars. On the news front, SK Hynix stated on November 5th local time that it had completed price and quantity negotiations with NVIDIA for the supply of the sixth generation high-bandwidth memory (HBM4) next year. The supply price of this HBM4 will be more than 50% higher than the previous generation product, and this HBM4 will be used in NVIDIA's next-generation artificial intelligence chip Rubin to be released in the second half of next year. As the leader in the global HBM market, SK Hynix's pricing of this HBM4 may ignite a reevaluation of the value of high-end storage chips in the market. According to statistics, the net profit of listed companies in the semiconductor industry hit a new high in the first three quarters of this year, with a year-on-year growth of 53% on a comparable basis. Guosen pointed out that with the promotion of AI and autonomy, more than half of the 146 A-share semiconductor companies surveyed by the bank (including Semiconductor Manufacturing International Corporation, Hua Hong Semiconductor until 2Q25) have set new quarterly revenue highs in 2025. In terms of the autonomous controllable industry chain, the bank recommends production chain companies such as Semiconductor Manufacturing International Corporation and HUA HONG SEMI that benefit from the rise of domestic chip design companies and the trend of high-end localization of domestic chips.