Core Viewpoint - The semiconductor sector continues its upward trend, driven by significant developments in AI technology and favorable market conditions for memory chips [1] Group 1: Stock Performance - Semiconductor stocks have shown notable gains, with Huahong Semiconductor rising by 5.48% to HKD 76.05, SMIC increasing by 3.73% to HKD 79.35, Shanghai Fudan up by 3.28% to HKD 44.14, and Jingmen Semiconductor gaining 1.72% to HKD 0.59 [1] Group 2: Industry Developments - Alibaba Group's CEO announced a major upgrade to Alibaba Cloud's full-stack AI system on September 24, enhancing technology from AI models to infrastructure [1] - On September 27, the IPO application of Moore Threads was approved, marking the fastest approval time for a new company in this year's Sci-Tech Innovation Board [1] - The semiconductor industry is experiencing expansion plans with Changxin expected to go public by the end of the year and Changchun anticipated to list next year, indicating positive catalysts for the sector [1] Group 3: Market Trends - Huaxin Securities reports that after the price increase of DDR4, memory prices continue to rise, indicating a new cycle for memory chips [1] - The era of domestic AI chips is emerging, with a complete domestic AI industry chain established from advanced processes to packaging, and major companies like ByteDance, Alibaba, and Tencent accelerating model upgrades [1]