Elon Musk is bullish on storage giant Micron, the Philadelphia Semiconductor Index surged 5.6%, and the AXA SPDB SSE STAR Chip Design Thematic ETF (589250) rose over 2% in early trading

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Jun 9, 2026 at 01:45 AM

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Affected by Musk's bullish outlook on Micron and Tesla's launch of the TERAFAB project, the Philadelphia Semiconductor Index surged 5.6% overnight. In the A-share market, the AXA SPDB SSE STAR Chip Design Thematic ETF (589250) rose over 2% in the morning session, with sample stocks generally increasing. CITIC Securities pointed out that domestic wafer fabs are accelerating capacity expansion, and the industry chain is entering a realization phase. This ETF focuses on chip design companies on the STAR Market, featuring high elasticity and growth potential

In overnight U.S. stock markets, most large technology stocks rose, with the Philadelphia Semiconductor Index up 5.6%, Intel rising over 11%, and Micron Technology increasing nearly 10%.

On June 9, major stock indices opened slightly higher, with the chip sector leading the gains. As of 9:34, the AXA SPDB SSE STAR Chip Design Thematic ETF (589250) rose 2.08%; sample stocks generally increased, with Dongxin Co., Ltd. rising over 12%, Jiewa Tech rising over 11%, Chipone Technology rising over 6%, and companies like Lanqi Technology, Nanchip Technology, and Purun Co., Ltd. also seeing gains.

According to Wind data, as of the previous trading day, the AXA SPDB SSE STAR Chip Design Thematic ETF (589250) tracked the Shanghai Stock Exchange STAR Market Chip Design Theme Index, which has risen 86.43% over the past year.

In news, it was reported that Elon Musk recently expressed optimism about Micron Technology in an interview. He stated, "The real bottleneck is in chip manufacturing capacity," noting that Micron's production capacity is still far from meeting actual chip demand.

Earlier, Tesla announced the official launch of the "TERAFAB" super chip factory project. Musk claimed this would be the largest chip manufacturing project in history, aiming to achieve an annual computing power output of over 1 petawatt, equivalent to about 50 times the current global annual computing power of AI chips.

CITIC Securities' research report pointed out that domestic wafer fabs are expected to accelerate their expansion pace by 15% quarter-on-quarter in Q1 2026, with the capacity utilization rate of mature processes rebounding to 92%. Coupled with the first batch of projects from the National Integrated Circuit Industry Investment Fund's third phase driving a year-on-year increase of over 40% in equipment bidding volume, the industry chain's "destocking + order replenishment" dual-driven approach has entered the initial stage of realization.

The AXA SPDB SSE STAR Chip Design Thematic ETF (589250) closely tracks the Shanghai Stock Exchange STAR Market Chip Design Theme Index (950162), focusing on 50 listed companies in chip design on the STAR Market, with nearly 80% of the weight in digital chip design. It avoids semiconductor materials, equipment, manufacturing, and packaging testing sectors, and compared to the semiconductor materials index, it has a lower valuation, aligning better with industry development trends.

In terms of elasticity, the Shanghai Stock Exchange STAR Market Chip Design Theme Index only includes chip design companies on the STAR Market, with constituent stocks having a daily price fluctuation limit of ±20%, providing greater elasticity and stronger aggressiveness.

Regarding growth potential, the AXA SPDB SSE STAR Chip Design Thematic ETF (589250) tracks the Shanghai Stock Exchange STAR Market Chip Design Theme Index, which is expected to accumulate a 141.86% increase from January 5, 2024, to March 30, 2026, making it the top-performing chip industry theme index, surpassing the STAR Chip (133.60%), the CSI All Share Semiconductor (97.77%), and semiconductor materials and equipment (98.39%).