Core Viewpoint - Semiconductor stocks are experiencing an upward trend, driven by increasing demand for AI computing power and domestic advancements in semiconductor technology [1] Group 1: Market Performance - Semiconductor stocks rose in early trading, with Hua Hong Semiconductor up 5.22% at HKD 76.6 and SMIC up 4.14% at HKD 71.7 [1] Group 2: Industry Outlook - Zhongyuan Securities forecasts that the semiconductor industry will continue its upward trend into 2025, influenced by escalating U.S. export controls and China's "14th Five-Year Plan" emphasizing technological self-reliance [1] - The demand for AI computing power is expected to remain strong through 2026, with rapid growth in cloud-side AI hardware infrastructure and innovations in edge AI applications such as AI glasses and intelligent driving [1] - The semiconductor cycle is anticipated to be positively impacted by AI advancements, with the memory sector potentially entering a super cycle [1] Group 3: Domestic Developments - Dongguan Securities highlights the explosive growth in domestic AI model usage, indicating the industry has entered a phase of large-scale implementation, which is driving increased demand for upstream computing power [1] - Domestic AI chip companies are rapidly developing, achieving significant progress in domestic substitution, with companies like Moer and Muxi accelerating their capital market strategies [1] - The collaboration of internet firms like Tencent in adapting domestic computing chips is expected to expedite the formation of a domestic computing ecosystem [1]