Guotai CSI All Share Integrated Circuit ETF

JPMorgan Chase Increases Stake in Montage Technology by HK$12.02 Million on May 14

SMIC States Significant Production Demand for Phones and PCs Will Return

Hygon Information Unveils World's First Post-Quantum Cryptography Smooth Migration Solution

Morgan Stanley raises targets for SMIC and Hua Hong, citing AI-driven mature process shortage

GigaDevice Launches Three New Brushless Motor Gate Drivers

SMIC received 996 million yuan in financing purchases on May 18.

CICC maintains 'Outperform' rating on SMIC, citing benefits from localized production demand

Report: China's chip equipment localization shifts from trials to mass production

Jinhong Gas: Helium products have been stably supplied to clients such as SMIC

HSBC Research Lowers SMIC's Target Price but Maintains 'Buy' Rating

HSBC Research on SMIC: Cuts Target Price to HKD 89, Bullish on 28% Revenue Growth in 2026

SMIC's AI demand surges, with first-quarter revenue of 17.6 billion, more optimistic about full-year operations

JPMorgan raises SMIC rating to "Neutral" and lifts target price to HK$67

BOC International Maintains Buy Rating on SMIC, Raises H-Share Target Price to HKD 98.6

Citi upgrades SMIC to 'Buy' on improved utilization and pricing power

Citigroup Raises SMIC Target Price to HKD 94.1, Maintains Outperform Rating

Goldman Sachs Raises SMIC Profit Forecasts, Maintains Buy Rating with HK$135 Target Price

National Bureau of Statistics: IC exports up 78.3% in first four months, industry shows strong resilience

SMIC to Participate in the 2026 IEEE/JSAP Symposium on VLSI Technology and Circuits

SOXX

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159558

561980

588170

SOXL

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Asian markets showed mixed results, with Singapore's Straits Times Index reaching a record high. Indonesia and South Korea's indices fell over 3%, lagging behind the region. Semiconductor shares faced pressure, particularly in Taiwan and Japan. The Reserve Bank of Australia paused future rate hikes amid economic concerns related to the Iran conflict. Overall, major indices fluctuated, with some markets like India's Nifty 50 and Australia's S&P/ASX 200 gaining, while others like Indonesia's IDX continued to decline.

AASTOCKS News

iShares Semiconductor ETF

SPDR S&P Semicon

ChinaAMC Guozheng Semiconductor Chip ETF

E Fund CSI Semiconductor Material & Equipment Thematic ETF

China Merchants CSI Semiconductor Industry ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Direxion Semicon Bull 3X

Harvest SSE STAR Chip ETF

Guotai CES Semiconductor Chip Industry ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

VanEck Vectors Semiconductor UCITS ETF Accum A USD

Harvest CSI All Share Integrated Circuit ETF

VanEck Semiconductor ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

Asian Markets Mixed; Singapore Hits Record High; Indonesia, S Korea Indices Each Slide Over 3% to Lag Region; Regional Semiconductor Shares Under Pressure

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FTXL

CICC has raised HUA HONG SEMI's target price to HKD146, reflecting a 33% increase, driven by optimism in computing power trends and memory upcycle. The company's 1Q26 results met expectations, with a gross margin of 13% and high capacity utilization at 99.7%. Revenue forecasts for 2026 and 2027 have been increased by 2% and 3%, respectively, alongside profit forecasts rising by 14% and 32%. CICC maintains an Outperform rating.

HUA HONG SEMI

First Trust Nasdaq Food & Semicon

CICC

Hua Hong

CICC Raises HUA HONG SEMI  TP to HKD146, Bullish on Computing-Power and Power Synergy Trend and Memory Upcycle

561600

BOCOM International has raised its target price for HUA HONG SEMI to HKD145, citing improved revenue and gross margin forecasts. The company expects 2Q26 revenue between USD690M and USD700M, with a gross margin of 14%-16%. The report highlights potential price increases for NOR Flash and a significant investment in the 9B fab, which is projected to enhance capacity and ASP growth. BOCOM maintains a Buy rating, anticipating revenue of USD3.51B and USD3.96B for 2027 and 2028, respectively.

Ping An CSI Consumer Electronic Theme ETF

BOCOM International Raises HUA HONG SEMI  TP to HKD145, Lifts Revenue and Gross Margin Forecasts

BTIG's Jonathan Krinsky warns of multiple warning signs in the stock market, noting a recent decline in the SPDR S&P 500 after a high RSI. He highlights concerns over semiconductor stocks and market breadth, with 70% of NYSE volume in declining stocks. However, he sees potential positives in value stocks and the software sector, which remains strong.

- BTIG technical strategist Jonathan Krinsky warns that the stock market is showing multiple alarming signs.  
- He observes that the SPDR S&P 500 (SPY) reached a daily RSI of 78 before a subsequent decline of 1.2%.  
- Despite these warnings, Krinsky identifies a few sectors that may still provide support for bullish investors.

State Street Corp.

SPDR S&P 500

VG S&P 500

Direxion Semicon Bear 3X

Seven warning signs — and two positives — for the market: BTIG’s Krinsky

INTC

04335

NVDA

Intel shares have surged 195% in 2026, driven by strong AI demand in the semiconductor sector. However, a concentration risk exists as a few AI-related stocks dominate market gains, reminiscent of previous speculative trends. CEO Lip-Bu Tan is pivoting Intel's strategy towards GPUs and agentic AI workloads to better compete with Nvidia.

- Intel shares have surged 195% this year, driven by the increasing demand for semiconductors linked to AI.  
- A limited number of AI-related stocks are notably contributing to market gains, reminiscent of previous speculative trends.  
- CEO Lip-Bu Tan is shifting Intel's strategy towards GPUs and agentic AI workloads to better compete with Nvidia.

Intel

INTEL-T

NVIDIA

iShares Future AI & Tech ETF

Invesco PHLX Semiconductor ETF

Global X AI Semiconductor & Quantum ETF

GraniteShares 2x Long INTC Daily ETF

NVIDIA Corporation

Intel jumps 195% in 2026 amid AI chip frenzy

BofA warns that the semiconductor index is 62% above its 200-day moving average, surpassing dot-com bubble metrics. Analyst Michael Hartnett suggests a potential final bullish push into early June before profit-taking occurs. Concerns about the rally's narrow breadth echo patterns from the late 1990s, raising questions about its sustainability.

ChinaAMC CSI Semiconductor Material & Equipment Thematic ETF

GF Fund CSI Semiconductor Material Equipment Theme ETF

Bank of America

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

BofA warns semiconductor rally exceeds dot-com bubble metrics

DRAM

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A report by Taihaitong Securities indicates that the AI-driven price surge is reshaping semiconductor value distribution, benefiting upstream segments. It emphasizes the need to focus on major memory companies, advanced foundries, and core material segments. The evolution of AI Agents is expected to increase Token consumption significantly, leading to higher demand for AI accelerators. However, HBM capacity expansion faces constraints, with supply issues anticipated until 2027-2028, potentially intensifying resource competition and price increases across the industry.

CoinLive

Invesco Semiconductors ETF

Roundhill Memory ETF

XL2CSOPHYNIX

AI TRENDS | AI-Driven Price Surge Reshapes Semiconductor Value Distribution, Report Says

KB Securities has raised its target price for SK Hynix from 2.8M won to 3M won, maintaining a 'Buy' rating. The increase is based on expectations of higher DRAM and NAND prices in Q2 2026, projecting a 660.4% YoY surge in operating profit to 70 trillion won. The firm anticipates ongoing supply constraints in the memory industry, with operating margins expected at 79.2%. Kim Dong-won of KB Securities emphasized the strategic importance of memory semiconductors for AI systems.

KB Financial

Samsung Electronics 

Samsung Electronics Co., Ltd. Sponsored GDR

KB Securities Raises SK Hynix TP to 3M won, Expects 2Q26 Operating Profit to Surge 6.6x YoY

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Hua Hong Semiconductor's shares fell 1.2% despite a 458% surge in Q1 profit to USD20.9 million, driven by strong demand in the AI-driven chip market. Revenue rose 22% to USD660.9 million. The company anticipates Q2 income between USD690 million and USD700 million. In contrast, rival SMIC reported a 5% profit increase and a 12% revenue rise, with its shares gaining 4.2%. The semiconductor industry is rapidly evolving, with AI playing a crucial role.

Yicai

XI2CSOPHSTECH

ICBCCS CNI HK Connect Technology ETF

SMIC

SMIC HK SDR 5to1

Hua Hong Drops Despite Chinese Chipmaker Reporting Over Five-Fold Surge in First-Quarter Profit

The SSE Composite Index opened down 3 points at 4,174, while the Shenzhen Component Index rose 7 points to 15,753. SMIC and HUA HONG shares both increased by 2.6% following strong first-quarter profit reports. The RMB central parity against the USD was set at 6.8415, down 14 bps MoM. The PBOC conducted RMB500 million of reverse repos, resulting in no net injection or withdrawal for the day.

Guotai CSI All Share Integrated Circuit ETF(159546.SZ)