ICBCCS CNI HK Connect Technology ETF

Tencent Open Sources AgentDB to Solve AI Agent Memory Issues, Long-term Memory Accuracy Significantly Improved

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Tencent WeChat AI Team Wins ICASSP Best Industrial Paper Award, First for Chinese Enterprise

BYD Executive Confirms Talks with Stellantis and Other Carmakers to Acquire Idle European Factories

BYD and other auto giants discuss the future of smart mobility in Thailand

A shipment of nearly 5,000 BYD vehicles is heading to Australia to meet growing local demand for electric and plug-in hybrid vehicles.

People's Daily Explores the 'Talent Code' of the New Energy Vehicle Industry, Citing BYD as an Example

China Mobile partners with Tencent to launch an AI-native workspace platform

BYD Executive Responds to 'Flash Charging Damages Battery' Concerns

Morgan Stanley raises targets for SMIC and Hua Hong, citing AI-driven mature process shortage

Tencent Cloud's Two AI Models End Free Beta on May 27, Switch to Paid Commercial Service

Tencent Cloud Two AI Models End Beta and Switch to Commercial Use

BYD's Fang Cheng Bao 'Bao 3' Flash Charging Edition Models Begin Normal Delivery

BeiGene 2026 Q1 Earnings Soar: Net Profit Surges 178x, Revenue Breaks 10 Billion RMB Barrier

SMIC received 996 million yuan in financing purchases on May 18.

CICC maintains 'Outperform' rating on SMIC, citing benefits from localized production demand

BYD SHARK Pickup to Launch in China in the Second Half of 2026

Tencent Cloud and Stream Partner to Accelerate the Development of Real-Time Multimodal AI Agents

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SMICis optimistic about its operations this year due to strong customer demand and order backlog. The company faces a short supply of power management chips driven by AI demand, leading to order repatriation from overseas. Increased demand for domestic substitution in logic and networking chips, along with price hikes and inventory buildup by customers, further supports this positive outlook.

AASTOCKS News

Hwabao WP CSI HK Connect Information Technology Composite ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

ChinaAMC Guozheng Semiconductor Chip ETF

SMIC

SMIC HK SDR 5to1

SMIC : More Optimistic on Overall Operations This Year; AI Drives Power Management Chip Capacity into Short Supply

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Citi upgraded SMIC, China's largest chipmaker, to Buy, citing strong domestic chip localization and rising AI demand. SMIC reported Q1 revenue of $2.5 billion, up 12% year-on-year, with a gross margin of 20.1%. The company expects Q2 revenue growth of 14-16% and improved margins. Despite challenges like a memory supply crunch and geopolitical tensions, SMIC is positioned to benefit from China's push for technological self-sufficiency.

- Citi upgraded SMIC, China's largest semiconductor company, to Buy, citing strong domestic chip localization, rising AI demand, and improving pricing power.  
- The company reported a first-quarter revenue of $2.5 billion, up 12% year-on-year, with an improved gross margin of 20.1%.  
- SMIC's outlook for the second quarter indicates revenue growth of 14–16% sequentially, bolstered by increasing demand for various chip types amid challenges such as geopolitical tensions and a memory supply crunch.

Investing

Citigroup

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Buy this China chip stock, Citi says

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JPMorgan upgraded SMIC to Neutral and raised its target price to HKD67, citing a better-than-expected 1Q gross margin and strong 2Q revenue guidance. Despite anticipated consumer electronics demand weakening in 2H, the bank increased its 2026 and 2027 earnings forecasts by about 15%. The upgrade reflects broader price increases, although risks remain from potential declines in consumer demand.

XI2CSOPHSTECH

JPMorgan Chase

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

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JPMorgan Chase & Co.

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JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

JPM Upgrades SMIC  to Neutral, Raises TP to HKD67

DBS analyst Jim Hin Kwong Au has maintained a Buy rating for Semiconductor Manufacturing International (0981) with a price target of HK$87.40. The analyst, known for a 30.1% average return and 69.23% success rate, is part of a Strong Buy consensus for the stock, which has an average price target of HK$89.65.

- A report from Jim Hin Kwong Au at DBS maintains a Buy rating on Semiconductor Manufacturing International with a price target of HK$87.40.  
- Au is a 5-star analyst with an average return of 30.1% and a 69.23% success rate, focusing on the Technology sector.  
- The general analyst consensus for Semiconductor Manufacturing International indicates a Strong Buy rating with an average price target of HK$89.65.

Tip Ranks

Micron Tech

BYD ELECTRONIC

ASMPT

New Buy Rating for Semiconductor Manufacturing International (0981), the Technology Giant

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Hua Hong Semiconductor's shares fell 1.2% despite a 458% surge in Q1 profit to USD20.9 million, driven by strong demand in the AI-driven chip market. Revenue rose 22% to USD660.9 million. The company anticipates Q2 income between USD690 million and USD700 million. In contrast, rival SMIC reported a 5% profit increase and a 12% revenue rise, with its shares gaining 4.2%. The semiconductor industry is rapidly evolving, with AI playing a crucial role.

Yicai

Hua Hong

HUA HONG SEMI

First Trust Nasdaq Food & Semicon

Guotai CSI All Share Integrated Circuit ETF

Hua Hong Drops Despite Chinese Chipmaker Reporting Over Five-Fold Surge in First-Quarter Profit

M Stanley rated SMICas Overweight, citing strong 2Q guidance with expected revenue growth of 14% to 16% QoQ. 1Q revenue was USD2.51 billion, up 1% QoQ and 11% YoY, with a gross margin of 20.1%. Net profit was USD197 million, up 14% QoQ but below expectations due to reduced subsidies. The broker highlights SMIC's role in China's AI GPU supply chain and maintains a target price of HKD70.

Morgan Stanley

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MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

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M Stanley: SMIC  2Q Guidance Strong, Rated Overweight

SMIC opened 3.4% higher at HKD73.9 following a 5% YoY increase in 1Q net profit to USD197 million and an 11.5% rise in revenue to USD2.51 billion. The company expects 2Q revenue growth of 14-16% QoQ and a gross margin of 20-22%, aided by price hikes for tight-supply products, according to Co-CEO.

SMIC Opens 3.4% Higher as 1Q Net Profit Hikes 5%; Co-CEO Says Price Hikes Agreed for Tight-Supply Products

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Hong Kong stocks closed on May 7 with all three major indices rising. The Hang Seng Tech Index led the market with a 3.09% gain. The AI wave continues to build momentum; Tencent's impressive large model data drove strength across key tech and internet stocks, while Kuaishou surged over 7%. Better-than-expected earnings from overseas computing giants, combined with NVIDIA's increased investment in the optical supply chain, catalyzed strong gains in semiconductors, fiber optics, and PCB sectors. Conversely, expectations of a US-Iran ceasefire weighed on international oil prices, causing traditional energy stocks including oil, gas, and coal to plunge against the trend. Additionally, prominent investor Duan Yongping's portfolio adjustment spurred intraday activity in Pop Mart, while Deepexi Technology saw heavy volume and a surge of over 50%

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HK Stocks Close | Hang Seng Tech Index Rises Nearly 3%, Semiconductors Lead Gains, Oil & Gas Stocks Plunge as PETROCHINA Drops Over 8%

华虹半导体（1347.HK）现价 135.300，当日 +13.70%，盘中股价创历史新高，市值 2340 亿。作为港股半导体龙头，受益于港股早盘整体反弹及芯片板块强势领涨，芯片及存储股市场热度提升，相关公司如中芯国际亦大涨。近期无重大公告，涨幅或与板块轮动及资金追捧有关。

Movers Alert

Hua Hong Semiconductor Hits All-Time High

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The Hong Kong stock market saw significant gains, with the Hang Seng Index up 3.09% and the Technology Index up 5.22%. The semiconductor sector notably surged, with Hua Hong Semiconductor rising 14.68% and SMIC increasing by 10.10%.

ICBCCS CNI HK Connect Technology ETF(159636.SZ)

SMIC : More Optimistic on Overall Operations This Year; AI Drives Power Management Chip Capacity into Short Supply

Buy this China chip stock, Citi says

JPM Upgrades SMIC to Neutral, Raises TP to HKD67

New Buy Rating for Semiconductor Manufacturing International (0981), the Technology Giant

Hua Hong Drops Despite Chinese Chipmaker Reporting Over Five-Fold Surge in First-Quarter Profit