On May 12, domestic chip stocks initially dipped slightly before rallying and then pulling back, demonstrating the strong resilience of hard technology. The price of the Sci-Tech Innovation Chip ETF Huabao (589190), which provides comprehensive exposure to the chip industry, surged up to 2.65% intraday, once again testing a new historical high. It is currently up 1.04%.
In the market, computing power chip stocks strengthened again. Cambricon Technologies Corporation Limited (688256) rose over 7% intraday and is currently up more than 5%. VeriSilicon Microelectronics (Shanghai) Co., Ltd. gained nearly 5% intraday, while Hygon Information Technology Co., Ltd. rose over 2%. Additionally, semiconductor equipment stocks performed strongly, with Kingsemi Co., Ltd. hitting the 20% daily limit up at one point and currently trading nearly 15% higher.
On the news front, U.S. chip stocks continued their strong performance on Monday. Qualcomm surged over 8%, Western Digital rose more than 7%, Micron Technology gained over 6%, Intel increased over 3%, and Nvidia advanced about 2%, all reaching new all-time closing highs and extending their robust showing.
This strength is partly attributed to positive signals from overseas markets. On the other hand, based on the first-quarter earnings reports being disclosed, Sci-Tech Innovation board chip companies are generally showing positive trends of widespread revenue expansion and optimized profit structures. With the rapid iteration and launch of new-generation large AI models, several domestic computing power chip companies have achieved simultaneous underlying adaptation, indicating that the domestic computing power ecosystem is moving beyond the basic usability stage and advancing comprehensively towards scalable commercial use.
China Securities Co., Ltd. stated that domestic computing power has entered a positive cycle. With DeepSeek V4 achieving deep adaptation, domestic computing power chips are gradually reaching an inflection point from "usable" to "user-friendly." The imminent shipment of the 950PR, along with the strong first-quarter growth reported by companies like Cambricon and Hygon, validates the sector's high景气度. The expansion of domestic memory production and advanced process manufacturing is driving a continuous increase in the localization rate of semiconductor equipment.
Cinda Securities noted that the global semiconductor industry is showing a trend of diversified development. Domestic companies are making continuous breakthroughs in CPUs, AI chips, and advanced packaging. Collaborative innovation across various segments of the industrial chain is accelerating the process of import substitution. In the future, technological self-sufficiency and controllability will become the core competitiveness of the industry.
To position for the chip industry's "super cycle," high-volatility stocks with 20% daily limit potential are preferred. Public information shows that the Sci-Tech Innovation Chip ETF Huabao (589190) and its feeder funds track the SSE Science and Technology Innovation Board Chip Index. While providing balanced allocation and comprehensive coverage of the chip industry chain, it has over 90% weight in core areas like integrated circuits and semiconductor equipment, representing high hard-tech content and strong technological barriers.
Data source: Shanghai and Shenzhen Stock Exchanges, etc. ETF fee-related note: When subscribing for or redeeming fund shares, subscription and redemption agents may charge a commission of up to 0.5%, which includes relevant fees charged by stock exchanges and registration institutions. Feeder fund fee-related note: For the Huabao SSE Sci-Tech Innovation Board Chip ETF Feeder Fund A, the subscription fee (front-end load) is 1,000 RMB per transaction for subscription amounts of 2 million RMB or more, 0.2% for amounts between 1 million RMB and 2 million RMB, and 0.5% for amounts below 1 million RMB. The redemption fee is 1.5% for holding periods under 7 days and 0% for holding periods of 7 days or more. The Huabao SSE Sci-Tech Innovation Board Chip ETF Feeder Fund C does not charge a subscription fee. Its redemption fee is 1.5% for holding periods under 7 days and 0% for holding periods of 7 days or more. Its sales service fee is 0.2%.
Risk Disclosure: The Sci-Tech Innovation Chip ETF Huabao passively tracks the SSE Science and Technology Innovation Board Chip Index. The base date for this index is December 31, 2019, and its release date is June 13, 2022. This product is issued and managed by Huabao Fund. Selling agents do not assume responsibility for the product's investment, redemption, and risk management. Investors should carefully read the Fund Contract, Prospectus, Fund Product Summary, and other legal fund documents to understand the fund's risk-return characteristics and select products suitable for their own risk tolerance. The fund manager assesses this fund's risk rating as R4 - Medium to High Risk, suitable for investors with a suitability rating of C4 or above. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Past fund performance does not indicate future results. Funds carry risks, and investment requires caution! Selling institutions (including the fund manager's direct sales channels and other sales institutions) evaluate the risk of this fund according to relevant laws and regulations. Investors should pay timely attention to the suitability opinions issued by the fund manager. Suitability opinions from various sales institutions may not be consistent. The fund product risk rating results issued by fund sales institutions shall not be lower than the risk rating results determined by the fund manager. There may be differences between the fund's risk-return characteristics as described in the fund contract and its risk rating due to different considerations in the evaluation. Investors should understand the fund's risk-return profile and, considering their own investment objectives, horizon, experience, and risk tolerance, prudently select fund products and bear the risks themselves. The China Securities Regulatory Commission's registration of this fund does not indicate a substantive judgment or guarantee of its investment value, market prospects, or returns. Funds carry risks, and investment requires caution.
A MACD golden cross signal has formed, indicating positive momentum for these stocks.
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