Group 1 - Semiconductor stocks showed strong performance in the morning, with Hua Hong Semiconductor and SMIC reaching new highs before experiencing a decline in the afternoon [1] - As of the report, Hua Hong Semiconductor (01347) fell by 7.36% to HKD 84.4, SMIC (00981) dropped by 6.31% to HKD 83.85, and Shanghai Fudan (01385) decreased by 5.78% to HKD 44.68 [1] - During the holiday period, the semiconductor industry both domestically and internationally received multiple positive catalysts [1] Group 2 - Goldman Sachs raised the target prices for SMIC and Hua Hong Semiconductor, citing the expanding AI ecosystem in China as an opportunity for the semiconductor sector [1] - The report indicates that with the development of domestic AI solutions, both SMIC and Hua Hong Semiconductor are expected to become leading foundries in China and benefit in the long term [1] - Citigroup noted that despite a 34% valuation premium for the semiconductor index, the high growth rate supported by AI effects makes the valuation reasonable, suggesting that the current semiconductor cycle still has upward potential [1]