平安证券认为，当前消费电子有所回暖，半导体国产化进程持续推进，此外，AI带来的算力产业链也将持续受益，半导体行业当前已处于复苏阶段，消费电子回暖，将推动半导体新一轮上升周期，看好行情复苏及AI算力产业链两条主线。Chip stocks continue their recent upward trend. As of the time of this report, Semiconductor Manufacturing International Corporation (00981) is up 4.4%, at 32.05 Hong Kong dollars; CE HUADA TECH (00085) is up 3.94%, at 1.32 Hong Kong dollars; HUA HONG SEMI (01347) is up 3.14%, at 23 Hong Kong dollars; SHANGHAI FUDAN (01385) is up 1.66%, at 15.9 Hong Kong dollars.
According to the Zhituo Finance APP, chip stocks continue their recent upward trend. As of the time of publication, Semiconductor Manufacturing International Corporation (00981) is up 4.4%, priced at 32.05 Hong Kong dollars; CE HUADA TECH (00085) is up 3.94%, priced at 1.32 Hong Kong dollars; HUA HONG SEMI (01347) is up 3.14%, priced at 23 Hong Kong dollars; SHANGHAI FUDAN (01385) is up 1.66%, priced at 15.9 Hong Kong dollars.
On the news front, according to Omdia data, driven by strong demand for AI, the Global semiconductor market revenue in the third quarter of 2024 is expected to reach 177.8 billion dollars, a year-on-year increase of 26% and a quarter-on-quarter increase of 8.5%. Looking ahead for the entire year, the total revenue for the semiconductor market in 2024 is expected to grow by 24%; according to Canalys data, in the third quarter of 2024, spending on cloud infrastructure services in mainland China reached 10.2 billion dollars, a year-on-year increase of 11%; according to Counterpoint data, the shipment volume of foldable smartphones in China in 2024 is expected to reach 9.1 million units, a year-on-year increase of 2%.
Ping An Securities believes that the current Consumer Electronics sector is showing signs of recovery, the process of domestic semiconductor production is continuously advancing, and in addition, the computing power Industry Chain brought about by AI will continue to benefit. The semiconductor Industry is currently in a recovery phase, and the recovery of Consumer Electronics will drive a new upward cycle in semiconductors, being Bullish on the recovery of the market and the two main lines of the AI computing power Industry Chain.
