Hong Kong's three major indices showed mixed performance. At the close, the Hang Seng Index rose 0.15% to 26,388.44, the Hang Seng Tech Index gained 0.46%, while the H-Share Index fell 0.07%. In terms of sector performance, technology and internet stocks were mixed: JD.com rose over 8%, Meituan gained over 4%, while Baidu and Kuaishou fell over 1%. The semiconductor sector led gains, with Montage Technology rising over 21%. The artificial intelligence sector strengthened, with Knowledge Atlas surging over 36%. Pork stocks continued to weaken, with Muyuan Foods falling over 2%.
The semiconductor sector was among the top gainers, with Montage Technology up over 21%. A recent Morgan Stanley research report noted that with the rise of Agentic AI, AI infrastructure is shifting from a GPU-centric model to a "CPU + memory + system synergy" architecture. The report estimates that under a baseline scenario, the global server CPU market could reach $125 billion by 2030, with new DRAM demand reaching 74EB. In an optimistic scenario, the global server CPU market could potentially reach $283 billion by 2030, with new DRAM demand possibly hitting 221EB—approximately five times the current global market size.
The artificial intelligence sector strengthened, with Knowledge Atlas soaring over 36%. The globally authoritative evaluation agency Artificial Analysis today released a new Coding Agent benchmark, the Artificial Analysis Coding Agent Index, designed to measure the performance of Agent harnesses combined with models on mainstream benchmarks including SWE-Bench-Pro-Hard-AA, Terminal-Bench v2, and SWE-Atlas-QnA. Among the results, Knowledge Atlas's GLM-5.1 (running in Claude Code) ranked first among open-source models. Artificial Analysis highlighted the significance of this new ranking in an official tweet: "When developers use AI for programming, they are not only selecting a model but also pairing it with a specific Agent harness. Only by benchmarking this combination can we truly understand and compare the actual performance of different models." From the evaluation results, GLM-5.1 represents the SOTA-level capability of domestic large models in real-world programming Agent scenarios.
Pork stocks continued to weaken, with Muyuan Foods falling over 2%. On May 11, the national average pig price fell to 4.76 yuan per jin (approximately 9.52 yuan per kilogram), the lowest in nearly 18 days, with prices in 25 provinces already below 5 yuan per jin. The national wholesale price for pork briefly fell to 14.4 yuan per kilogram in mid-April, the lowest level since 2014.
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