Memory chip-related stocks are leading gains in Hong Kong trading. As of the latest update, CSOP SK Hynix Daily Leveraged 2x Product (07709) advanced 7.19% to HK$42.34, while GIGADEVICE (03986) climbed 5.66% to HK$493. MONTAGE TECH (06809) rose 5.16% to HK$281.4, and LONGSYS (09976) gained 3.72% to HK$195.
On the news front, following a collective rally in US-listed memory chip stocks overnight, South Korea's two major memory chipmakers extended gains this morning, with SK Hynix surging more than 4%. Sentiment in the semiconductor space was bolstered by comments from NVIDIA CEO Jensen Huang, who stated that with artificial intelligence further penetrating industries such as healthcare, manufacturing, and financial services, the company's chip sales next year are expected to double this year's figures.
Separately, industry sources indicate that lead times for key components used in semiconductor manufacturing equipment have more than doubled, signaling that the sector is grappling with supply constraints. China Securities analysts noted that AI is fueling robust memory demand, keeping the memory cycle on an upward trajectory. The convergence of AI adoption and domestic substitution requirements is expected to position Chinese memory manufacturers to capitalize significantly on this industry trend and steadily expand their market share.
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