Zhi Tong Cai Jing·2025-10-28 04:00Core Viewpoint - The semiconductor stocks continue to rise, driven by the rapid appreciation of domestic technology assets, particularly in AI computing power, indicating a significant shift towards domestic AI chip production and a fully integrated domestic AI industry chain [1] Group 1: Stock Performance - Shanghai Fudan (01385) increased by 4.71%, reaching HKD 43.6 - Huahong Semiconductor (01347) rose by 3.12%, reaching HKD 89.2 - Hongguang Semiconductor (06908) gained 1.92%, reaching HKD 0.53 - SMIC (00981) increased by 1.75%, reaching HKD 84.25 [1] Group 2: Industry Insights - Huaxin Securities highlights the rapid value increase of domestic technology assets, especially in AI computing power, which is becoming industrialized and evolving quickly [1] - The domestic AI chip era is emerging, with a complete industry chain established from advanced processes to packaging, and model upgrades by major companies like ByteDance, Alibaba, and Tencent [1] - Minsheng Securities emphasizes the trend towards domestic software and hardware localization amid major power technology competition, suggesting that domestic computing power will resonate with domestic software to build a robust localization ecosystem [1]