HK Stock Market Move | Chip stocks collectively rise, AI chip demand significantly heats up, domestic computing power remains high in prosperity.

As of the time of writing, chip stocks collectively rose, with BIREN TECH (06082) up 17.25% to HK$59.8; HUA HONG SEMI (01347) up 8.22% to HK$140.8; ILUVATAR COREX (09903) up 7.17% to HK$612.5; Montage Technology (06809) up 5.41% to HK$339; TIANYU SEMI (02658) up 4.17% to HK$45; Semiconductor Manufacturing International Corporation (00981) up 4.01% to HK$77.85. On the news front, after the US stock market closed on Tuesday, AMD released its first quarter performance report. Due to a significant increase in demand for AI chips, the company's quarterly profit exceeded expectations, and its revenue forecast for the next quarter was also higher than market expectations. Lyon pointed out that AMD exceeded expectations in the first quarter of 2026 and provided positive guidance for the second quarter. AMD stated that the ratio of CPU to GPU in AI data center infrastructure is gradually shifting from the traditional 1:4 (or 1:8) to 1:1, which will expand the total addressable server CPU market to over $120 billion by 2030. Lyon stated that among the companies covered by the bank, Montage Technology directly benefits from strong CPU demand; GigaDevice Semiconductor Inc. benefits from rising memory demand and an upward memory price cycle; Semiconductor Manufacturing International Corporation benefits from the overall semiconductor upturn cycle, as well as the continued strengthening of its advanced logic business; HUA HONG SEMI is in a bottoming out and recovery trend, with support from rising wafer prices. Huayuan Securities believes that the current development stage of large-scale AI models in China will drive the expansion of the domestic computing power market space and increase penetration rate. The domestic computing power sector maintains a high level of prosperity, and the chip, CPU, ODM manufacturers, IDC, and component industry chains will all benefit from this development wave.