人民财讯9月18日电，截至午间收盘，恒生指数跌0.18%，恒生科技指数涨1.04%。港股芯片股走强，华 虹半导体、晶门半导体涨超10%，中芯国际涨超6%。 ...

Core Points - The Hang Seng Index closed at 26,860.61 points, down 0.18%, with an intraday peak above 27,000 points [1] - The Hang Seng Tech Index rose by 1.04%, reaching 6,400.17 points [1] Sector Performance - The semiconductor sector showed strong performance, with Hua Hong Semiconductor increasing by over 10% and SMIC rising by more than 6% [1] - Consumer and rare earth sectors were active, while the real estate and coal sectors weakened [1]

Core Viewpoint - Goldman Sachs upgraded Hua Hong Semiconductor's rating from "Neutral" to "Buy," raising the target price by 28% to HKD 68.1, citing new growth opportunities driven by AI applications and strong demand from domestic customers [1] Group 1: Growth Opportunities - AI applications are expected to bring new growth opportunities, particularly in data center power management chips and mature process chips for edge AI devices [1] - The company has experienced high capacity utilization in recent quarters, supporting price improvements [1] Group 2: Demand and Trends - There is an expansion in domestic customer demand, driven by the trend of "China manufacturing for China" which is expected to support long-term demand [1] - The semiconductor sector in China is favored for companies with exposure to AI and advanced technologies, as well as a relatively mild competitive landscape [1] Group 3: Capacity and Technology Upgrades - Continuous capacity expansion and technological upgrades are anticipated, with a projection to introduce 28nm technology by 2027 [1]

Group 1 - The Federal Reserve announced a 25 basis point cut in the federal funds rate target range to 4.00% to 4.25% on September 17 [1] - The A-share and Hong Kong stock markets reacted positively, with all three major indices turning red, and the Sci-Tech Innovation 50 Index rising over 4% [1] - Over 2100 stocks in the Shanghai, Shenzhen, and Beijing markets saw gains [1] Group 2 - The semiconductor industry chain experienced significant gains, with companies like SMIC and Haiguang Information both rising over 6% and reaching historical highs [2] - Other semiconductor stocks such as Ruixin Micro and Huicheng Shares saw increases of over 10% [2][5] - The Sci-Tech Innovation 50 Index rose over 3%, with constituent stocks like Zhongwei Company and Haiguang Information increasing by over 8% and 7% respectively [3] Group 3 - The Hang Seng Index surpassed the 27,000-point mark, reaching its highest level since July 2021 [4]

Core Viewpoint - The semiconductor stocks in the A-share market experienced significant gains, with several companies reaching their daily limit up or showing substantial increases in share prices, indicating a strong market sentiment towards the semiconductor sector [1][2]. Company Performance - Huicheng Co., Ltd. (汇成股份) saw a 19.99% increase, with a total market capitalization of 13.7 billion [2]. - Liyang Chip (利扬芯片) rose by 16.53%, with a market cap of 7.958 billion [2]. - Zhongwei Company (中微公司) increased by 14.15%, with a market cap of 162.4 billion [2]. - New Xiangwei (新相微) gained 11.69%, with a market cap of 1.23 billion [2]. - Canxin Co., Ltd. (灿芯股份) rose by 10.06%, with a market cap of 954.1 million [2]. - Ruixin Microelectronics (瑞芯微) reached a 10% increase, with a market cap of 9.64 billion [2]. - Other notable performers include Shengke Communication (盛科通信) up by 9.90%, Beifang Huachuang (北方华创) up by 9.35%, and Haiguang Information (海光信息) up by 8.32% [2]. Industry Developments - On September 16, CCTV's "News Broadcast" highlighted the achievements of China Unicom's Sanjiangyuan Green Power Intelligent Computing Center project, which involves several domestic AI chip brands such as Alibaba's Pingtouge, Muxi Co., Ltd., and others that have signed or are expected to sign contracts [1].

Group 1: Stock Performance - Semiconductor stocks have shown strong performance recently, with notable increases in share prices for several companies: Huahong Semiconductor up 12.65% to HKD 60.1, Jingmen Semiconductor up 8.16% to HKD 0.53, and SMIC up 7.24% to HKD 72.6, reaching a new high [1][2] - Other companies also saw gains, including Shanghai Fudan up 4.3% to HKD 41.72, and several others with increases ranging from 4.03% to 6.81% [2] Group 2: Industry Developments - Alibaba and Baidu have begun using internally designed chips for training AI models, with Alibaba mentioning a "backup plan" in response to global AI chip supply and policy changes during their latest earnings call [2][3] - The domestic computing power chips are gradually replacing NVIDIA's products, indicating a decoupling of China's AI development from the Western semiconductor ecosystem [3] - A report highlighted the advancements of Alibaba's Tsinghua Unigroup in developing AI-focused PPU chips, which reportedly surpass NVIDIA's A800 in key performance metrics [3]

人民财讯9月18日电，港股芯片股多数走强，截至发稿，华虹半导体涨超9%，晶门半导体涨超6%，中 芯国际涨超5%。 ...

Group 1 - The Hong Kong stock market saw a strong performance in robotics concept stocks, with notable gains from companies such as 首程控股 (up over 11%) and 德昌电机控股 (up over 6%) [1] - Tesla CEO Elon Musk announced plans for an internal meeting focusing on artificial intelligence, autonomous driving systems, and the production of the Optimus robot [1] - PharmAGRl has signed a letter of intent with Tesla to deploy up to 10,000 Optimus 3+ humanoid robots in its agricultural operations and pharmaceutical production [1] Group 2 - 首程控股 reported a year-to-date increase of 164.56% and a market capitalization of 21.756 billion [2] - 德昌电机控股 experienced a year-to-date increase of 287.95% with a market capitalization of 37.918 billion [2] - 速腾聚创 and 华虹半导体 also showed significant year-to-date increases of 46.97% and 160.05% respectively, with market capitalizations of 21.333 billion and 97.603 billion [2]

Group 1 - Semiconductor stocks in the Hong Kong market experienced a collective surge, with notable increases in share prices for several companies [1] - Hua Hong Semiconductor saw a rise of 9.09%, while Jingmen Semiconductor and Chipwise Holdings increased by over 6% [1][2] - Other companies such as SMIC and China Electric Power Technology also reported gains exceeding 5% [1] Group 2 - The latest market data shows Hua Hong Semiconductor's current price at 58.20, with a total market capitalization of 100.897 billion and a year-to-date increase of 168.82% [2] - Jingmen Semiconductor's latest price is 0.520, with a market cap of 12.99 billion and a year-to-date increase of 5.05% [2] - Chipwise Holdings is priced at 2.040, with a market cap of 9.97 billion and a year-to-date increase of 43.66% [2]

Group 1 - Semiconductor stocks continue to show strong performance, with notable increases in share prices for companies such as Huahong Semiconductor (+9.93%), Jingmen Semiconductor (+6.12%), SMIC (+5.47%), and Shanghai Fudan (+3.05%) [1] - Alibaba and Baidu have begun using internally designed chips for training AI models, with Alibaba mentioning a "backup plan" in response to global AI chip supply and policy changes during its latest earnings call [1] - Guosen Securities highlights that domestic computing power chips are gradually replacing NVIDIA, indicating a decoupling of China's AI development from the Western semiconductor ecosystem [1] Group 2 - A recent report from CCTV's "News Broadcast" showcased the achievements of China Unicom's Sanjiangyuan Green Power Intelligent Computing Center, including Alibaba's Pingtouge's newly developed PPU chip, which surpasses NVIDIA's A800 in key performance metrics [2] - The report also mentioned several domestic AI chip brands, including Pingtouge, Muxi Technology, Moore Threads, and others, that have signed or are planning to sign contracts [2]