---
title: "SMIC's Hong Kong stock recorded the largest intraday increase in nearly three weeks, and Morgan Stanley upgraded its rating to Overweight"
description: "SMIC's Hong Kong stock once rose more than 5%, marking the largest intraday increase in nearly three weeks. Previously, Morgan Stanley upgraded its rating to overweight and significantly raised the ta"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/261967991.md"
published_at: "2025-10-21T02:26:01.000Z"
---

# SMIC's Hong Kong stock recorded the largest intraday increase in nearly three weeks, and Morgan Stanley upgraded its rating to Overweight

> SMIC's Hong Kong stock once rose more than 5%, marking the largest intraday increase in nearly three weeks. Previously, Morgan Stanley upgraded its rating to overweight and significantly raised the target price from HKD 40 to HKD 80. Morgan Stanley stated that the rapid adoption of artificial intelligence applications in China and policy support for domestic AI GPUs will significantly boost domestic demand for advanced process wafer foundry in the next two years. Morgan Stanley also raised the target price for Hua Hong Semiconductor to HKD 60 but downgraded its rating to underweight

SMIC's Hong Kong stock once rose more than 5%, marking the largest intraday increase in nearly three weeks. Previously, Morgan Stanley upgraded its rating to overweight and significantly raised the target price from HKD 40 to HKD 80. Morgan Stanley stated that the rapid adoption of artificial intelligence applications in China and policy support for domestic AI GPUs will significantly boost domestic demand for advanced process wafer foundry in the next two years. Morgan Stanley also raised the target price for Hua Hong Semiconductor to HKD 60 but downgraded its rating to underweight

### Related Stocks

- [688981.CN - SMIC](https://longbridge.com/en/quote/688981.CN.md)
- [00981.HK - SMIC](https://longbridge.com/en/quote/00981.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| New Buy Rating for Semiconductor Manufacturing International (0981), the Technology Giant | BOCOM International Holdings has maintained a Buy rating on Semiconductor Manufacturing International (0981) with a pric | [Link](https://longbridge.com/en/news/275982327.md) |
| Morgan Stanley Wealth Management Reduces Fees on Private Shares Marketplace EquityZen, Broadening Private Markets Access \| MS Stock News | Morgan Stanley Wealth Management has announced a reduction in transaction fees for its private shares marketplace, Equit | [Link](https://longbridge.com/en/news/276345597.md) |
| AI can narrow inequality, if rolled out well: Indranee | Singapore's Second Minister for Finance, Indranee Rajah, emphasized the importance of equitable access to artificial int | [Link](https://longbridge.com/en/news/276044488.md) |
| Misconfigured AI could trigger the next national infrastructure meltdown | Analyst firm Gartner warns that misconfigured AI in national infrastructure could lead to significant disruptions by 202 | [Link](https://longbridge.com/en/news/276049750.md) |
| Accountant fined for using AI to cheat on exam about AI | A senior accountant at KPMG Australia was fined A$10,000 for using AI to cheat on an AI training course. This incident i | [Link](https://longbridge.com/en/news/276053021.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.