Analysts: Although there have been continuous rumors of good news relating to Huahong, the NVIDIA GTC 2026 conference may also be a major reason to ignite the semiconductor sector.

In the afternoon of March 16, the ChiNext Index rose more than 1%. The semiconductor and storage chip sectors continued to rise. Among them, Shanghai Huahong's A-shares, with a total market value exceeding 200 billion, once surged more than 16%, and its H-shares also surged more than 11%. The entire semiconductor sector was boosted, and the chip ETF soared in the afternoon, rising more than 2% at one point. Analysts believe that despite the continuous positive rumors surrounding Shanghai Huahong, the upcoming GTC2026 conference hosted by NVIDIA may also be a major factor in fueling the semiconductor sector. In addition, news has emerged that TSMC, GlobalFoundries, and United Microelectronics Corporation, among other wafer foundries, have raised prices, making price hikes another driving factor.