Semiconductor stocks lead the way, as of the deadline for submission,$HG SEMI (06908.HK)$up by 6.25%, at 0.85 Hong Kong dollars;$SMIC (00981.HK)$up by 5.61%, at 27.3 Hong Kong dollars;$SHANGHAI FUDAN (01385.HK)$up by 4.44%, at 16.48 Hong Kong dollars;$HUA HONG SEMI (01347.HK)$Rising by 4.28%, closing at HKD 21.95.

In terms of news, benefiting from the recovery of market demand, accelerated localization, end innovation empowerment, etc., the semiconductor industry's performance in the third quarter is impressive, with many companies achieving high growth in operations. According to Huafu Securities, in the first three quarters of 2024, the total operating revenue of listed companies in the semiconductor industry was 377.691 billion yuan, a year-on-year increase of 22.84%; net income attributable to shareholders was 25.731 billion yuan, a year-on-year increase of 42.58%. The operating income for the third quarter was 137.148 billion yuan, a year-on-year increase of 20.88%, a quarter-on-quarter increase of 6.09%; net income attributable to shareholders was 9.738 billion yuan, a year-on-year increase of 46.73%. It is also worth noting that it will announce the latest performance this Thursday. $HUA HONG SEMI (01347.HK)$Please use your Futubull account to access the feature.$SMIC (00981.HK)$ Will announce the latest performance this Thursday.

Donghai Securities stated that Huawei officially released the native HarmonyOS and the NOVA 13 series, while Honor released Magic OS 9.0, with AI and the consumer electronics industry chain continuing to catalyze. Guosen Securities pointed out, in a week of intensive macro events, the leading companies in the semiconductor industry segment are still the main focus for configuration. In the past two years of the downward cycle, the semiconductor industry has completed a relatively sufficient destocking and supply-side clearance. Now, driven by the marginal pull of AI computing power demand and the innovation expectations of a new round of terminal AIization, the industry is entering into an upward cycle with strong sustainability.

Editor/Rocky