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SMIC Swells 7%, HUA HONG SEMI Mounts 3% as CLSA Says CN Foundries to Benefit from Strong Demand & AI Chip Localization
Recommend 17 Positive 29 Negative 13 |
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SMIC (00981.HK) opened 4.51% higher today, and peaked at $69.5. It last printed at $68.8, escalating 7%, with 69.2982 million shares traded, involving $4.713 billion. HUA HONG SEMI (01347.HK) opened 1.76% higher today, and peaked at $112.7. The stock mounted 3.42% to last at $111.8, with a trading volume of 15.6258 million shares, involving $1.727 billion. On 24 April, preview versions of DeepSeek V4-Pro and V4-Flash models were officially launched and open-sourced simultaneously, CLSA published a research report saying. Moreover, Texas Instruments and Intel reported 1Q26 results and provided 2Q26 guidance that beat expectations, confirming smooth progress in China's advanced process capacity expansion. The broker believed that overall demand for analog chips is recovering and, if demand remains strong, prices are likely to continue rising. Driven by the development of domestic AI large models and the trend of AI chipset localization, local wafer foundries are expected to be the primary beneficiaries. Therefore, CLSA reiterated ratings at Outperform on SMIC and HUA HONG SEMI, with target prices of $93.3/ $129.5, respectively. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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