--- title: "Hong Kong Stock Movement: NOVOSENSE rises 17.35%, with clear capital flow; what risks are hidden behind the high market sentiment?" type: "News" locale: "en" url: "https://longbridge.com/en/news/285888192.md" description: "NOVOSENSE rose 17.35%; SMIC rose 4.57%, with a transaction volume reaching HKD 6.688 billion; Hua Hong Semiconductor rose 3.36%, with a transaction volume reaching HKD 4.318 billion; Montage Technology rose 16.88%, with a transaction volume reaching HKD 1.775 billion; GigaDevice rose 10.10%, with a market value reaching HKD 378.6 billion" datetime: "2026-05-11T06:01:43.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285888192.md) - [en](https://longbridge.com/en/news/285888192.md) - [zh-HK](https://longbridge.com/zh-HK/news/285888192.md) --- # Hong Kong Stock Movement: NOVOSENSE rises 17.35%, with clear capital flow; what risks are hidden behind the high market sentiment? **Hong Kong Stock Movement** NOVOSENSE, up 17.35%, with no significant news recently. Trading is active, and capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. **Stocks with High Trading Volume in the Industry** SMIC, up 4.57%. Based on recent key news: 1. On May 11, SMIC announced its first-quarter results, with sales revenue increasing by 32% year-on-year, and new order amounts reaching a four-year high, reflecting the company's substantial presence in AI servers, high-speed packaging, and automotive power devices, driving the stock price up. 2. On May 11, SMIC founder Zhang Rujing emphasized the importance of deepening niche markets, pointing out the vast market space for distributed AI's scenario-based applications, attracting investor attention and further supporting the stock price. 3. On May 8, large transactions exceeded HKD 20 million, showing strong market interest in SMIC, driving the stock price up. The competition in the semiconductor industry is intensifying, focusing on niche markets. Huahong Semiconductor, up 3.36%. Based on recent key news: 1. On May 11, Huahong Semiconductor announced its first-quarter results, with sales revenue increasing by 32% year-on-year and new order amounts surging by 70%, driving the stock price up. The company performed strongly in AI servers, high-speed packaging, and automotive power devices, with profits soaring over 200%. Source: Economic News 2. On May 8, the stock price of Montage Technology rose, boosting the semiconductor sector, and Huahong Semiconductor's stock price followed suit. Montage Technology reached a historical high, strengthening the overall semiconductor sector. Source: Viewpoint Network 3. On May 8, Huahong Semiconductor experienced large transactions exceeding HKD 20 million, indicating strong market interest in the stock. Source: Huigang Communications The semiconductor sector has recently performed strongly, with evident capital inflow. Montage Technology, up 16.88%. Based on recent key news: 1. On May 8, Montage Technology was enthusiastically pursued in the Hong Kong stock market, with its stock price soaring by 17%, with a premium over its A-shares exceeding 40%. The AI investment boom has driven demand for memory interface chips, enhancing valuation premiums. Source: Zhitong Finance 2. On May 11, storage concept stocks opened higher collectively, with Montage Technology rising by 14.75%. The global memory chip market remains hot, benefiting from the AI boom that ignites massive storage demand. Source: Zhitong Finance 3. On May 8, UBS raised its revenue forecast for Montage Technology, and the market is optimistic about its development prospects. The company has attracted attention from billion-dollar private equity research, continuously receiving capital pursuit. Source: Zhitong Finance Demand for memory chips is strong, and the industry is in a high prosperity state. **Stocks with High Market Capitalization in the Industry** GigaDevice, up over 10%. Based on recent key news: 1. On May 11, storage concept stocks benefited from the AI boom, with global demand for memory chips surging. GigaDevice's stock price rose by 9.18%, reflecting the market's sustained high-profit expectations for the storage semiconductor industry. Source: Zhitong Finance 2. On May 8th, the premium of Zhaoyi Innovation's H shares over A shares exceeded 34%, indicating international capital's optimism towards AI hardware. Funds are flowing into AI computing infrastructure, driving up stock prices. Source: Zhitong Finance 3. On May 8th, the chairman of Zhaoyi Innovation reduced his holdings by 3.4388 million A shares, with a market value of 1.2 billion RMB. Despite the reduction, the market's optimistic sentiment towards the storage industry continues to support stock prices. Source: Zhitong Finance. The demand in the storage industry is strong, and capital inflow is significant ### Related Stocks - [02676.HK](https://longbridge.com/en/quote/02676.HK.md) - [00981.HK](https://longbridge.com/en/quote/00981.HK.md) - [01347.HK](https://longbridge.com/en/quote/01347.HK.md) - [06809.HK](https://longbridge.com/en/quote/06809.HK.md) - [03986.HK](https://longbridge.com/en/quote/03986.HK.md) ## Related News & Research - [Suzhou Novosense Issues Unaudited First-Quarter 2026 Report Under PRC Standards](https://longbridge.com/en/news/284280968.md) - [Hunter: Inflation expectations drifting higher is an elevated risk RBA cannot ignore](https://longbridge.com/en/news/286828731.md) - [Oops! 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