China Sci-Tech Innovation 50 Index Surging by Over 8%, Semiconductor Chips Explode

China's A-share market opened higher this morning and continued to rise. As of the midday closing, the Shanghai Composite Index (SSE) rose by 1.27%, the Shenzhen Component Index increased by 2.63%, the ChiNext Index surged by 3.45%, and the STAR 50 Index jumped by over 8%, approaching its historical high during the session. Approximately 4,000 stocks out of the three markets in Shanghai, Shenzhen, and Beijing turned red, with a transaction volume of 2.09 trillion yuan in the first half of the day, indicating a strong bullish sentiment in the market.

The Chinese semiconductor industry chain is the main theme of today's market

The direction of memory chips leads the rise, with stocks such as Yingxin Development, Tongfu Microelectronics, and Damingli sealing the daily limit. GPU concept stocks also exploded simultaneously, with Hygon Information topping out at a 20cm limit up, hitting a historical high again, with a total market value breaking through 820 billion yuan, and a year-to-date cumulative increase of nearly 60%. Cambricon rose by over 9%, with its stock price continuing to set new highs.

In addition, Jiangbo Long increased by nearly 20%, Beijing Jungo, and Runze Technology saw gains of over 10%. The CSI All-Share Semiconductor Products and Equipment Index opened 4.2% higher this morning, also refreshing historical records.

Calculation power-related sectors also gained strength. In the calculation power rental concept, Dawi Technology, Orient Information, and Lingtong Electronics hit the daily limit; in the calculation power hardware stocks, Bo Min Electronics, Hang Diu Shares, and Sanan Optoelectronics all sealed the board. The China-South Korea Semiconductor ETF even soared straight up after the market opened, directly hitting the limit up.

Global chip leaders deliver impressive results

The core catalyst of this round of market movement comes from the strong support of the performance side. Cambricon achieved a revenue of 2.885 billion yuan in the first quarter, a year-on-year increase of 159.56%; the net profit attributable to the parent company reached 1.013 billion yuan, a year-on-year increase of 185.04%, with both figures setting historical highs. Xie Yuan shares also performed strongly, with a first-quarter revenue increase of 114.47% year-on-year, among which, the one-stop chip customization business revenue surged by 145.90%, and the mass production business even recorded a growth of over 219%.

Google, Microsoft, Amazon, and Meta, the four major US technology giants, recently released their financial reports for the first quarter of 2026, and their performances generally exceeded market expectations.

More importantly, the four companies have simultaneously increased their AI capital expenditures; the market expects that their combined AI capital expenditures for the year 2026 will reach 725 billion USD, an increase of 77% compared to 410 billion USD in 2025. This signal further strengthens the market's confidence in the continuous expansion of global AI computing power demand, which directly benefits the upstream semiconductor equipment and chip design sectors.

Hong Kong stocks rise in conjunction, cross-market resonance is evident

The Hong Kong stock market also strengthened. As of press time, the Hang Seng Index rose by 0.99%, and the Hang Seng Technology Index increased by 1.69%, with a spike close to 2% at one point during the session. The chip semiconductor sector also ignited in the Hong Kong stock market, with Huarhong Semiconductor surging by over 12%, SMIC rising by over 9%, and most tech stocks lifting.