官方股单

Trump concept stock $Penguin Solutions(PENG.US)FY26 Q3: To be announced after market close this Tuesday, 07/07 · Implied volatility as high as ±26.3%

Wall Street expectations: Revenue ~$405–420 million, adjusted EPS ~$0.54 (GAAP EPS ~$0.24); company FY26 full-year guidance revenue $1.6 billion, adjusted EPS $2.30, higher than previous consensus.

Recently trading at high levels with volatility, just received NVIDIA's "AI Factory Professional Partner" certification and Dell Americas AI Partner of the Year in June.

Reclassified into the Russell Growth Index on July 1. The company's predecessor was in memory distribution, now transformed into AI memory / HPC infrastructure (integrated memory YoY +63%). PENG is a small-cap, high-volatility stock, with Wall Street focus on FY26 guidance execution and AI memory order visibility.

It can be understood that PENG's role is as a computing power "general contractor," handling design, assembly, and solutions, belonging to the computing power OEM thematic stock.

Longbridge community members who are watching or holding $Hewlett Packard Enterprise(HPE.US)$Dell Tech(DELL.US)$Super Micro Computer(SMCI.US) need to pay attention to their subsequent volatility and manage expectations.

Dynamic - The official watchlist allows one-click follow for【Computing Power OEM Concept】.

Semiconductor equipment is the most upstream segment of the chip manufacturing industry chain, often referred to as the "mother machine" of chip production. In the investment of a wafer production line, equipment expenses typically account for 70-80%.

From wafer cleaning, lithography, etching, thin film deposition to ion implantation, and metrology inspection, each process step is supported by a dedicated type of equipment. The technological level of the equipment directly determines the nanometer node a wafer fab can achieve.

$ASML(ASML.US)$Leverage Shares 2X Long ASML Daily ETF(ASMG.US)

$Lam Research(LRCX.US)

$Tradr 2X Long LRCX Daily ETF(LRCU.US)

$KLA(KLAC.US)

$Leverage Shares 2X Long KLAC Daily ETF(KLAG.US)

$Applied Materials(AMAT.US)

$Leverage Shares 2X Long AMAT Daily ETF(AMAU.US)

The AI cabinet assembly supergroup debuts! What opportunities lie in this field?

If we compare the GPUs produced by NVIDIA to the core of computing power, but someone still needs to "stitch" them together, contract, and oversee the entire process to fit them into cabinets, wire them up, power them on, and add water cooling—adopting integrated solutions before they reach the customer's hands. This group of "assemblers" are the foremen of AI cabinet clusters!

1. First, understand two concepts: 🙋

ODM (Original Design Manufacturer): Does contract manufacturing for others + doesn't use its own brand, e.g., Taiwan's Hon Hai/Quanta, where the client finds and places orders with them.

OEM (Original Equipment Manufacturer): Own brand + sells complete products, e.g., DELL sells Dell PowerEdge.

Among the latter OEM path, a few have now stood out: $Dell Tech(DELL.US)$Super Micro Computer(SMCI.US)$Hewlett Packard Enterprise(HPE.US)$LENOVO GROUP(00992.HK) are clearly the unified supply platform for "second-tier AI clouds".

2. Who do they sell to? ❓

This is the key point to emphasize—the main customers served by these few OEMs are almost never the largest hyperscalers.

When the big four hyperscalers—Microsoft, Google, meta, and Amazon—build large-scale AI clusters, they basically bypass all OEMs and place orders directly with Taiwanese ODM factories.

Why is that?

(1) Volume is so large they don't need "branded solutions"

(2) They have their own complete SRE/engineering teams and don't need OEM services

(3) Ordering directly from factories can cut out the OEM brand premium

(4) Google even designs its own motherboards (Axion CPU + in-house ASIC)

So the real money DELL/HPE/SMCI /Lenovo make comes from customers "beyond the hyperscalers":

Second-tier AI clouds, Neocloud, transitioning crypto mining companies, sovereign wealth funds, governments, and traditional large enterprises.

3. This issue's stock list includes:

US Stocks Tier 1 $Dell Tech(DELL.US)$Super Micro Computer(SMCI.US)$Hewlett Packard Enterprise(HPE.US)

US Stocks Tier 2 $Penguin Solutions(PENG.US)$Cisco(CSCO.US)$IBM(IBM.US)$NetApp(NTAP.US)

HK Stocks NVIDIA Chain $LENOVO GROUP(00992.HK)

HK Stocks Domestic Substitution Chain $INSPUR DIGI ENT(00596.HK)$ZTE(00763.HK)

4. If we were to position each in one sentence, the differences among the few with high business purity are:

(1) SMCI is the Uniqlo of AI computing power (standardized, high volume, cheap, pure)

(2) DELL is the Carrefour of AI computing power (full range, wide coverage, strong brand)

(3) HPE is the Gome/Suning of AI computing power (traditional enterprise IT + government channels)

(4) Lenovo is the Xiaomi of AI computing power (cost-effective + China channels + overseas expansion)

(5) PENG is the luxury custom shop of AI computing power—high unit price, low volume, heavy service, many government clients, and its moat is "willing to do the dirty work others won't"

Longbridge community members, which one have you gotten on board with? Feel free to discuss below! 👏👏👏

Why do computing power cabinets need to adopt an 800V DC architecture? The semiconductor bull market rotation has reached "power chips"!

(1) Currently, the industry's single-cabinet power consumption is surging from 120kW to 600kW–1MW.

(2) At this scale, the current from traditional 54V/415V power distribution is so high that copper losses and busbars physically cannot handle it: AC → 800V DC → intermediate busbar → chip point load. Each conversion stage requires high-efficiency switching devices. This is a physical bottleneck!

Therefore, the core alpha in the "800V HVDC Data Center Power Conversion Chain" focuses on high-voltage power semiconductors (GaN/SiC) + high-density power modules.

Adopting 800V for AI cabinets essentially brings the established technology from the high-voltage platforms of electric vehicles into data centers. The stock list below can be bookmarked with one click, making it convenient for everyone to track potential beneficiary stocks:

Of course, during the technology integration period, the industry hasn't reached a consensus on how much GaN and how much SiC will be used in 800V systems (generally, GaN is suitable for medium-voltage levels ≤900V, and SiC is for high-voltage levels 1200V+, but they are actually mixed in practice). $INNOSCIENCE(02577.HK) specializes in GaN, while $Navitas Semiconductor(NVTS.US) works on both routes and has cooperation with NVIDIA's 800V solutions;

$Vertiv(VRT.US) / $Eaton(ETN.US) have also entered the public view as power system integrators. The two industry leaders, $Texas Instruments(TXN.US)/$Analog Devices(ADI.US), are also worth noting. Additionally, there are more vertical niche areas, such as

$Vicor(VICR.US) —— High-density power modules

$Monolithic Power(MPWR.US)—— Main supplier of power ICs for NVIDIA

$Powell Industries(POWL.US) —— High-voltage power ICs

$Wolfspeed(WOLF.US), $SICC(02631.HK)—— SiC substrates

Epitaxial equipment - $Veeco Instruments(VECO.US), ceramic substrates for power packaging $Rogers(ROG.US), high-frequency magnetic cores/ferrites $TDK Corporation(TTDKY.US), etc.

Quantum poker table raises the stakes! White House directly bets $2 billion on computing power defense line?

The list of fund allocation is very clear.

$IBM(IBM.US) took away a full half, monopolizing $1 billion.

Semiconductor foundry $GlobalFoundries(GFS.US) received $375 million.

The remaining money was precisely drip-fed to the leading players in various vertical tracks. $D-Wave Quantum(QBTS.US)$Rigetti Computing(RGTI.US) and $Infleqtion(INFQ.US) each took away approximately $100 million. Diraq

received $38 million. Even pre-IPO startup teams like Atom Computing and PsiQuantum got a share. One-click save the stock list to track this wave of quantum computing alpha opportunities!

eg: On May 21, 2026, IBM and the U.S. Department of Commerce jointly announced the official establishment of Anderson Company. As the world's first pure commercial quantum wafer foundry, it is positioned as the TSMC of the quantum field, shouldering the core mission of driving quantum computing from the lab to industrialized mass production.

[Storage Sector: Valuation Reshaping and Supply-Demand Restructuring]

The market performance of the storage sector is breaking traditional cyclical perceptions. Value re-rating is not only rapid but also extremely resolute.

Just one year after its spin-off listing, $Sandisk(SNDK.US)'s market cap has surpassed its parent company $Western Digital(WDC.US) by $66 billion. The SanDisk 2X Long ETF $Tradr 2X Long Sndk Daily ETF(SNXX.US) surged 34% in a single day.

Equally stunning is $Micron Tech(MU.US). The stock continued to rise 15% intraday, and the $Direxion Daily MU Bull 2X Shares(MUU.US) gained 80% in a single week. Micron's market cap has now exceeded $800 billion, with institutions giving a target price of up to $1,000.

In the Korean market, $XL2CSOPHYNIX(07709.HK) multiple downstream tech giants have unprecedentedly taken the initiative to provide funds to assist SK Hynix in purchasing EUV lithography machines to expand production lines. Reports have exposed that the average year-end bonus for SK Hynix employees is as high as 6.1 million RMB.

From simply "mining coins" to the wave of AI data center park expansions, are Bitcoin mining companies catching the last train of the AI computing power explosion?

On May 8, 2026, $IREN(IREN.US) disclosed signing a $34 billion AI cloud contract with NVIDIA. In the same month, $Hut 8 Mining(HUT.US) finalized a 15-year, at least $9.8 billion Texas data center lease, surging 35% afterwards!

According to a Morgan Stanley research report in May, the computing power leasing market has shown characteristics of a "seller's market," with increasing pricing power. Major clients are willing to accept higher prices and advance payments to lock in capacity: they seem not to limit themselves to fully betting on computing power companies like CRWV and NBIS, but are also targeting the OG players who initially built computing power to mine Bitcoin and have years of data center management experience.

These companies, inherently carrying a mix of computing power and crypto alpha, are waiting for the secondary market to reprice them!

(1) Benefiting from the upward recovery of the crypto market, gaining alpha returns from their own coin holdings.

(2) Benefiting from the visibility of long-term computing power contracts, accelerating business transformation, and ushering in a revaluation of their value.

So, which other companies might be locked into long-term computing power contracts by major players in advance? See the stock list!

Sector ETF: $Valkyrie Bitcoin Miners ETF(WGMI.US)

Leading Representatives: $IREN(IREN.US) (largest market cap), $Cipher Digital(CIFR.US)$Riot Platforms(RIOT.US)$Hut 8 Mining(HUT.US)$Terawulf(WULF.US)

Industry Financier/Lender: $Galaxy Digital(GLXY.US)

【Data Center Sector Surges Collectively】

$Coreweave(CRWV.US) has secured a $15 billion order and locked in a $3.1 billion AI loan, signaling extremely strong demand. Q1 earnings are about to be released, with analysts expecting record revenue. The stock price has rebounded nearly 100% from its March low.

$Nebius(NBIS.US) will release Q1 earnings on May 13th. The market has priced it in early, leading to a significant rise in sync with CRWV.

$Coherent Corp.(COHR.US)'s latest earnings exceeded expectations. TD Cowen maintains a Buy rating and raised the target price to $395. 6-inch InP capacity is ramping up, with CPO and OCS opening up long-term growth space. Orders are already covered until 2028.

$Applied Digital(APLD.US) stock price broke to a new high, catalyzed by both cloud business spin-off and a $300 million financing. Northland maintains a Buy rating with a target price of $56. The company focuses on HPC/AI data center construction and operation, directly benefiting from computing power demand.

Over the past two years, the market's imagination of AI computing power has almost entirely been placed on the cloud—H100s in queues, power shortages, and increasingly staggering CapEx numbers. Edge AI has always been the other, overlooked line. The reason isn't complicated: the models couldn't run. Stuffing a flagship large model with 70B parameters into a phone couldn't pass the memory and power consumption tests.

In April 2026, Google open-sourced Gemma 4. With four tiers from E2B to 31B, the lowest requiring only 3.2GB of memory to run. This is a watershed moment—not because Gemma itself is exceptionally powerful, but because it shows that model lightweighting has caught up with hardware. Phones, PCs, wearables, and in-vehicle systems, terminals once considered "lacking in computing power," are starting to gain the conditions to truly run flagship-level models this year.

$Qualcomm(QCOM.US) surged after announcing its latest earnings report! Could Qualcomm become the leader in mobile ASICs?

After all, Qualcomm's CEO just announced: "We will also enter the custom chip (ASIC) field, starting with collaboration with a leading hyperscale cloud service provider, with the first shipments expected by year-end."

After edge AI is implemented in the future, the beneficiaries may not be the same companies as in cloud AI. The cloud competes on HBM, advanced process nodes, and rack power density; the edge competes on low-power NPUs, on-chip memory, low-latency communication, and sensors. Simply put, those analog, RF, MCU, and memory interface companies that haven't risen much in the past two years might get their turn in this round.

Currently, the stock list (US stocks) covers several categories:

1. Edge AI Chips: $Qualcomm(QCOM.US) $Apple(AAPL.US)

2. IP & Design Services: $Arm(ARM.US) $CEVA(CEVA.US) $Synaptics(SYNA.US)

3. Memory & Interface: $Micron Tech(MU.US) $Rambus(RMBS.US)

4. Communication & RF: $Skyworks Solutions(SWKS.US) $QORVO(QRVO.US)

5. Foundry: $United Microelectronics(UMC.US) $Intel(INTC.US)

5. Device Terminals: $Dell Tech(DELL.US) $HP(HPQ.US) etc.

The rotation within the semiconductor sector this year is evident, and this kind of "waiting for the wind" alpha opportunity might appear in these segments.

[Tech Giants Collectively Increase Capex, AI Computing Chain Continues to Heat Up]

📑 Tech giants' earnings reports are being released in a concentrated manner, with a common signal worth noting: capital expenditures are being collectively raised.

$Microsoft(MSFT.US) disclosed annual capital expenditures have reached $190 billion, with AI business annualized revenue at $37 billion.

$Meta Platforms(META.US) raised its 2026 capital expenditure range to a maximum of $145 billion, $10 billion higher than the guidance three months ago, while also jointly launching over 1GW of self-developed silicon with Broadcom.

$Alphabet - C(GOOG.US) delivered AI revenue exceeding expectations, with cloud business growth of about 63% to $20 billion.

$Amazon(AMZN.US) net profit increased 77% year-on-year, with a pre-tax gain of $16.8 billion from its investment in Anthropic accounting for over half of the net profit. AWS revenue grew 28% year-on-year, and real estate and equipment spending over the past 12 months increased 160% year-on-year.

🎯 The direction of several major companies is highly consistent, continuing to increase investment in AI infrastructure. Against this backdrop, multiple segments of the computing power chain have shown relative strength recently.

$Intel(INTC.US) closed up 12.1% last night and continued to rise after-hours, approaching $100. CPU delivery cycles have reportedly extended to 6 months.

$Qualcomm(QCOM.US) disclosed FY26Q2 net profit increased 162% year-on-year, with data center chips about to ship. After-hours gains expanded to as much as 17%.

$AMD(AMD.US) rose 4.3% that day, with Susquehanna raising its target price to $375.

On the storage side, $XL2CSOPSMSN(07747.HK) saw Q1 DRAM average price rise 90% quarter-on-quarter,

$Micron Tech(MU.US) had its target price raised to $660 by TD Cowen,

$Sandisk(SNDK.US) had its target price raised to $1200 by Wedbush. A SEMI report showed global silicon wafer shipments in Q1 increased 13.1% year-on-year.

Major companies' capital expenditures continue to expand 📈, with chip-side performance and orders simultaneously sending signals. This industry chain, from design and storage to end deployment, has multiple segments receiving market attention recently.

Follow-up focus: $AMD(AMD.US)'s earnings report is approaching, and the follow-up details of $Meta Platforms(META.US)'s incremental chip orders are worth tracking. The actual shipment pace of $Qualcomm(QCOM.US)'s data center chips is the next important verification step.

【AI Infrastructure Boom: Optical Communication & AI Interconnect Stock List】

The AI computing power frenzy is entering its second half. After the GPU rush, capital is shifting upstream to the "water sellers"—optical interconnect and AI chip interconnect. Over the past month, the optical communication sector has accelerated across the board, with multiple leading stocks hitting new all-time highs.

The catalysts are not singular.

On the upstream side, Nvidia has invested $4 billion to lock in optical component capacity, with Lumentum's orders already booked until 2028. Downstream, Google is rumored to be collaborating with Marvell on in-house TPU development, while Amazon and Anthropic are also expanding custom chip cooperation. The capacity of the entire chain is almost completely sold out.

🎯 First-Tier Core: Beneficiaries of the Nvidia Ecosystem

- $Lumentum(LITE.US) — Up nearly +24% this month, closing at $873.6 yesterday. Recently named in Nvidia's silicon photonics roadmap, with orders booked until 2028, the market now views it as the "core optical supplier for Nvidia."

- $Coherent Corp.(COHR.US)— Up nearly +47% this month. A core supplier of silicon photonics and CW lasers, recently added to the S&P index, with Susquehanna raising its price target.

⚡ Second-Tier Breakout: ASIC / Custom Chips

- $Marvell Tech(MRVL.US) — Up nearly +59% this month, hitting new all-time highs for four consecutive days. The logic for the AI ASIC design leader is playing out with Google TPU collaboration + Amazon chip orders + acquisition of POET to bolster optical capabilities.

- $Astera Labs(ALAB.US)— Oscillating around $194. The leader in PCIe Retimer / CXL interconnect, sharing the "AI Rack Interconnect" theme with MRVL.

Furthermore, high-beta style picks include $Credo Tech(CRDO.US) and $Applied Optoelectronics(AAOI.US); solid core holdings include $Amphenol(APH.US), $Corning(GLW.US) for optical fiber materials, and $Ciena(CIEN.US) in the data center interconnect direction.

🚀 SpaceX files for IPO this week? These 7 concept stocks have already moved first.

According to The Information, SpaceX plans to file for an IPO as early as this week, with an estimated valuation of up to $1.25 trillion. Analysts predict the IPO fundraising could exceed $75 billion.

Even before the news is fully confirmed, the market has already started to run ahead:

VCX surged 64%, DXYZ rose over 9%, and was up over 20% pre-market at one point.

If SpaceX officially goes for an IPO, it could be the largest tech stock listing event in recent years. And before its listing, a lot of capital has already started positioning around it — funds that directly hold SpaceX equity, rocket and satellite companies in the same sector, and related targets in the supply chain could continue to attract attention.

A list of SpaceX concept stocks, 7 targets, ranked by relevance, to help you quickly grasp this sector:

🔹 DXYZ — A listed fund that directly holds SpaceX equity.

🔹 TSLA — The flagship of the Musk ecosystem, sharing a technological ecosystem with SpaceX.

🔹 RKLB — The second major player in commercial rockets, SpaceX's most direct competitor.

Click to view the full stock list.

Which one are you most bullish on? Or which other targets do you think should be added? Let's chat in the comments 👇

📈Application software stocks staged a strong rebound, with accelerated AI enterprise adoption igniting a cloud computing frenzy!

Has the darkest hour for software stocks passed? On March 5th, cloud computing stocks collectively surged. The WisdomTree Cloud Computing Fund (WCLD) soared 3.6% in a single day, while identity security leader OKTA jumped 11.0%, marking its best single-day performance in nearly a year. Better-than-expected earnings reports alleviated market fears about AI disrupting traditional SaaS. MongoDB, Sailpoint, and Wix rose 6.4%, 9.8%, and 10.9% respectively, with the sector-wide rally fully unfolding.

Regarding individual stocks, Applovin's Q4 revenue reached $1.66 billion, up 66% year-over-year, with an EBITDA margin as high as 84%. It is poised to enter the e-commerce advertising market (a potential market 5-10 times the size of the gaming market). OKTA's Q4 beat, coupled with a $1 billion buyback, led to an 11.0% single-day surge on March 5th, making it the flag-bearer for the sector's rebound.

At the institutional level, the long-short debate is tilting towards the bulls. Jefferies recently maintained its Buy rating on Applovin with a $700 price target, implying over 37% upside from the current stock price. At the critical juncture where AI is shifting from an "infrastructure arms race" to "enterprise scenario adoption," application software platforms deeply embedded in customer workflows are transforming from "the disrupted" into the biggest beneficiaries of the AI dividend.

💥 South Korea's KOSPI Soars to New Highs Again! AI Semiconductors Ignite Bull Market, Nomura Sets Target at 8000 Points

Global capital is flooding into emerging markets, with the South Korean stock market becoming the most dazzling star under the AI wave! On February 26th, the KOSPI index continued its bull run, closing up 3.67% and breaking above the 6300-point mark for the first time in history. This marks the sixth consecutive day the index has hit a record high, with a cumulative gain of over 46% year-to-date, leading major global stock markets.

In terms of individual stocks, the semiconductor duo continues to act as the main engine of the rally. Samsung Electronics and SK Hynix together now account for 35% of the total market value of the South Korean stock market, becoming the biggest contributors to KOSPI's breakthrough. The hot momentum of South Korean tech stocks has also spread to the Hong Kong market, with related concept ETFs dancing in sync. $XL2CSOPHYNIX(07709.HK) surged over 14% during the session today, while $XL2CSOPSMSN(07747.HK) also jumped over 15%.

Institutions generally believe that the AI-driven memory semiconductor supercycle is the core driver of this bull market. Nomura Securities' latest report significantly raised its KOSPI target for the first half of 2026 to 7500-8000 points, expecting memory semiconductor companies to contribute 64% of the entire market's net profit in 2026. Against the backdrop of a "weak dollar" and the global AI infrastructure boom, Asian tech markets, represented by South Korea, are set to be the main beneficiaries of global capital reallocation.

At the beginning of 2026, geopolitical tensions and trade tariff disputes have resurfaced, leading to a surge in safe-haven demand. Gold prices today broke through $4,800 per ounce, reaching a historic high.

What's suitable to invest in during this market trend?

Hong Kong stocks: $CHIFENG GOLD(06693.HK)$LINGBAO GOLD(03330.HK)$SD GOLD(01787.HK)$ZIJIN GOLD INTL(02259.HK)$ZHAOJIN MINING(01818.HK)

U.S. stocks: $Gold.com(GOLD.US)$Harmony Gold Mining(HMY.US)$Newmont(NEM.US)$Royal Gold(RGLD.US)

The most hassle-free option is still ETFs⬇️

Long📈

$SPDR Gold Shares(GLD.US)$VanEck Gold Miners ETF(GDX.US)

$Direxion Daily Gold Miners Bull 2X(NUGT.US)

$Microsectors Gold Miners 3x Leveraged ETN(GDXU.US)

Short📉

$Direxion Daily Gold Miners Bear 2X(DUST.US)

$Pro Ultrshrt GLD(GLL.US)

Track the stock list and follow this market trend!

💥 Hong Kong stocks robot concept strengthened again! Industry fundamentals and individual stock expectations continue to improve

Robot concept stocks were strong again in early trading. As of press time, $SANHUA(02050.HK) rose 9.99%, $UBTECH ROBOTICS(09880.HK) rose 2.23%, $JOHNSON ELEC H(00179.HK) rose 9.45%, and $GEEKPLUS-W(02590.HK) rose 1.70%.

Recently, there have been frequent positive news in the robot industry. Tesla's Musk revealed that the technical review of the AI 5 chip design will be conducted this Saturday, and a robot-themed meeting is planned for next week. Domestic robot companies are also active. Unitree Technology is expected to submit listing application documents to the stock exchange between October and December 2025.

Institutional views believe that the robot sector is still expected to remain the focus of market attention in the fourth quarter. Minsheng Securities said that the robot sector will usher in major catalysts in the fourth quarter, and the T-chain will become the core main line.

💥 Hong Kong stock robot concept stocks surged! Musk and Figure AI catalyze industry wave

The Hong Kong stock robot sector was active today, with multiple concept stocks rising sharply. $JOHNSON ELEC H(00179.HK) once surged over 9%. As of press time, $UBTECH ROBOTICS(09880.HK) rose over 6%, $SANHUA(02050.HK) rose over 2%, and $DOBOT(02432.HK) followed.

On the news front, Musk introduced the latest progress of the Optimus robot at the recent All-In Summit. He stated that the third version of Optimus under development will achieve breakthroughs in hand flexibility, AI decision-making, and other aspects, preparing for mass production.

Humanoid robot company Figure AI recently completed over $1 billion in financing, with its valuation rising to $39 billion, showing strong market confidence in the prospects of humanoid robots.

Oriental Securities analysis suggests that $Tesla(TSLA.US) and Musk will accelerate development in humanoid robots, autonomous driving, and electric vehicles, with related companies in the supply chain expected to benefit continuously.

Shanghai Securities released research report stating that the humanoid robot industry chain has entered a stage of "a hundred flowers blooming and a hundred schools of thought contending." Humanoid robots entering industrial scenarios have become a high-certainty application trend domestically and internationally, with commercialization expected soon.

💥 Hong Kong semiconductor stocks continue to rise! Domestic substitution accelerates, SMIC surges over 8%

Domestic chips are having their moment in the spotlight! Market research firm TrendForce predicts that by 2025, the share of imported chips from Nvidia, AMD, etc. in China's AI server market will drop from 63% to 42%, while domestic chip share is expected to jump to 40%.

In terms of individual stocks, $SHANGHAI FUDAN(01385.HK), $SMIC(00981.HK) rose over 8%, $SOLOMON SYSTECH(02878.HK) rose over 6%, $HUA HONG GRACE(01347.HK) rose over 5%, $HG SEMI(06908.HK) rose over 3%.

Tianfeng Securities analysis suggests that semiconductors, domestic computing power, and independent control will be long-term industry themes. As uncertainties remain in US-China AI chip trade policies, more domestic tech firms and internet platforms are shifting procurement focus to domestic chips. This trend is expected to benefit local chip suppliers and related industry chain companies.

💥Hong Kong AI concept stocks collectively rise! The State Council issued the "AI+" action plan, with multiple stocks surging over 10%!

The State Council's newly issued "Opinions on Deepening the Implementation of the 'AI+' Action" clearly states the deep integration of AI with various economic and social sectors, focusing on promoting the popularization and application of smart terminals and intelligent agents, and sets a phased goal: by 2030, achieve a penetration rate of over 90% for intelligent agents in key industries. The news was seen by the market as an important signal to accelerate the development of the AI industry.

Boosted by favorable policies, most AI-related concept stocks in Hong Kong rose.

As of writing, $SENSETIME-W(00020.HK) rose 8.9%, $PHANCY(06682.HK) rose 6.1%, $MOBVISTA(01860.HK) rose 3.8%, $MARKETINGFORCE(02556.HK) rose 4.8%, $KINGSOFT CLOUD(03896.HK) rose 3.4%, $SMIC(00981.HK) rose 3.91%.

CITIC Securities pointed out that with policy support, the intelligent robotics industry will gain support in technology development, infrastructure, and regulatory systems, entering a rapid development phase.

Huatai Securities believes that subsequent ministries and local governments are expected to introduce more detailed supporting measures, further promoting the integration of AI with practical enterprise applications through special funds, tax incentives, and pilot programs, addressing the "last mile" implementation challenges.

💥Hong Kong stock semiconductor sector surges! Major breakthrough in domestic computing power chips, leading stocks rise over 9% in a single day!

Domestic large model company DeepSeek released version V3.1 on August 21, adopting UE8M0 FP8Scale precision format, compatible with the next generation of domestic AI chips. This move is interpreted by the market as a key signal for the formation of a closed loop in the domestic computing power ecosystem, directly driving high emotions in the semiconductor sector.

Leading stocks lead the rise, $HUA HONG GRACE(01347.HK) rises 14%, $SMIC(00981.HK) rises 9%; $SHANGHAI FUDAN(01385.HK) rises 7%, $SOLOMON SYSTECH(02878.HK) and $INNOSCIENCE(02577.HK) rise over 6%.

Domestic computing power has been receiving continuous positive news recently. Tencent revealed that it has laid out multiple supply channels for inference chips; DeepSeek's proactive adaptation to domestic chips also makes the entire ecosystem land faster and smoother. On the other hand, Huawei Ascend chips are expanding their applications in government, finance, and other fields, and the actual competitiveness of domestic chips is increasingly recognized.

Tianfeng Securities stated that in 2025, global semiconductor growth will continue its optimistic growth trend. Policies on supply chain disruption and reconstruction risks continue to escalate, and domestic substitution continues to advance.

💥Stablecoins about to explode? Regulatory benefits from China, the US, and Hong Kong, Circle's crazy performance, and related stocks soaring!

Big things are happening in the stablecoin space recently! The US and Hong Kong have successively introduced stablecoin regulatory bills, coupled with the surge in the stock of the giant $Circle(CRCL.US) (up 168% on the first day), injecting a strong boost into the market! Related concept stocks in A-shares and Hong Kong stocks are collectively soaring!

$ZA ONLINE(06060.HK): Accumulated a 22.5% increase over the past 6 trading days.

$LIANLIAN(02598.HK): Accumulated a 41.9% increase over the past 6 trading days.

$YEAHKA(09923.HK): Accumulated an 88% increase over the past 6 trading days.

This is a milestone event where regulators have clearly accepted stablecoins, opening a new investment window. Stablecoins, as the "base currency" and "payment interface" of the crypto ecosystem, combine compliance and practical potential, making them highly sought after.

However, we still remind everyone that the digital currency sector is highly volatile, with a strong atmosphere of concept speculation. Many concept companies' businesses are still stuck at the payment technology level and have not touched the core aspects. Beware of the risk of emotional overdraft and disconnection from actual business!

Recently, the stock prices of some autonomous driving companies have rebounded significantly, and the reasons behind this are noteworthy.

$Pony AI(PONY.US): Previously plummeted by over 80%, with a cumulative rebound of 132% from the bottom;

$WeRide(WRD.US): Previously plummeted by over 80%, with a cumulative rebound of 35% from the bottom;

On the news front, several companies are actively seeking collaborations. For example, Pony.ai has partnered with tech giants like $Uber Tech(UBER.US) and Tencent, injecting a strong boost for commercialization. Meanwhile, WeRide has further expanded its partnership with Uber, making autonomous driving solutions more affordable and accessible to global users.

However, the autonomous driving sector remains fraught with uncertainty.

WeRide's previous collaboration with NVIDIA once triggered a 140% surge in its stock price, leading to two trading halts during the session. Later, WeRide experienced a continuous decline in its stock price in the U.S. market, dropping from $44 to $6, a nearly 80% plunge! This has also stirred unease in the market about the prospects of autonomous driving.

Factors such as technological breakthroughs, regulatory progress, and commercialization efforts intertwine, making the autonomous driving sector highly volatile. To mitigate the risk of capital withdrawal, the ability to commercialize quickly, achieve a positive revenue cycle, and establish self-sustaining capabilities has become an increasingly urgent task. In the future, whoever can scale commercial applications first will become the true "pioneer."