HK Stock Market Move | Chip stocks mostly rose, with HUA HONG SEMI (01347) up over 4% and Semiconductor Manufacturing International Corporation (00981) up over 3%.

Most chip stocks rose, as of press time. HUA HONG SEMI (01347) rose by 4.01% to 79.1 Hong Kong dollars; Semiconductor Manufacturing International Corporation (00981) rose by 3.58% to 72.25 Hong Kong dollars; SHANGHAI FUDAN (01385) rose by 3.14% to 42.02 Hong Kong dollars. On the news front, according to the latest data from the Semiconductor Industry Association (SIA) in the United States, global semiconductor sales in October surged by 33% year-on-year to a total of $71.3 billion, with DRAM sales skyrocketing by 90% year-on-year. Analysts believe that the main driving force behind this is the surge in demand driven by artificial intelligence (AI), with a large amount of industry capacity shifting towards high-bandwidth memory (HBM) for AI accelerators, leading to a decrease in wafer production for standard DRAM and 3D NAND. Dongguan Securities believes that looking ahead to 2026, the firm sees artificial intelligence as still being the main innovation theme in the technology industry, with opportunities for benefits in areas such as computing power, storage, equipment, and advanced packaging. For example, in terms of computing power chips, in recent years, domestic AI chip companies have rapidly developed and achieved phased results in domestic substitution. Companies like Moer and Muxi have accelerated their layout in the capital market, and with companies like Tencent actively adapting domestic computing power chips, the industry's domestic computing power ecosystem is expected to accelerate. On one hand, pay attention to the incremental opportunities in semiconductor hardware brought about by AI, and on the other hand, pay attention to the process of domestic substitution in computing power, storage, equipment, and other areas under external restrictions.