Sou Hu Cai Jing·2026-01-27 09:50Group 1 - The core viewpoint of the news highlights a significant rebound in the hard technology sector, particularly in the chip industry, driven by storage chip stocks leading the gains [1] - Notable stock performances include Dongxin Co., which saw a 20% increase, and other companies like Shengke Communication-U and Xinyuan Micro, which also experienced substantial gains [1] - The newly listed ETF tracking the semiconductor sector, Huabao (589190), showed a recovery with a closing increase of 2.72% and an active trading volume of 119 million yuan [1] Group 2 - The semiconductor sector is benefiting from dual drivers: the AI wave and domestic substitution, with storage prices continuing to rise due to increased demand from AI infrastructure [3] - Samsung Electronics has raised NAND flash supply prices by over 100% in Q1 2024, exceeding market expectations, indicating strong demand for storage chips [3] - The domestic semiconductor equipment substitution rate is projected to rise from 25% in 2025 to 35% by 2026, with core equipment substitution rates exceeding 40% [3] Group 3 - The Shanghai Stock Exchange's semiconductor index has shown an annualized return of 17.93% since its inception, outperforming other similar indices [5] - The index's maximum drawdown is lower compared to its peers, indicating a better risk-reward profile [5] - Historical performance of the index shows significant fluctuations, with a notable increase of 61.33% expected in 2025 [6]