Global chip stocks continue to strengthen, with semiconductor equipment ETFs soaring 4%, and innovative chip design ETFs rising 5%.

Today, the semiconductor industry chain made a strong rebound. The Sci-Tech Chip Design ETF (589260) surged 5%, while the Semiconductor Equipment ETF (159516) and the Chip ETF (512760) rose by more than 4%.

Since May, South Korean chip-weighted stocks and the U.S. stock storage chip sector have continued to strengthen, repeatedly hitting fresh all-time highs, and global semiconductor industry conditions have continued to heat up. Driven by the dual factors of overseas market strength and a surge in domestic AI computing power demand, the A-share semiconductor sector has also seen a collective breakout, with industry-chain sentiment and investor attention notably increasing.

In the storage segment, TrendForce’s latest forecast predicts that in Q2 2026, DRAM and NAND contract prices will jump by 58%–63% and 70%–75%, respectively. SanDisk’s FY26Q3 total operating revenue reached $5.95 billion, up 251% year over year; net profit attributable to the parent company was $3.615 billion, up 287% year over year. Long-term contract orders are reflecting strong demand. SanDisk, Micron, and SK Hynix all jumped significantly.

In the CPU segment, Agent penetration continues to improve its share in the mix, and there is still strong room for upside. Intel’s stock price performance has been strong.

In the GPU segment, global AI capex continues to rise. In 2026 it is expected to be about $800 billion, and in 2027 about $1.13 trillion, with sustained rapid growth.

Looking ahead, China’s domestic computing power market has broad room for growth, and there are still strong expectation gaps going forward. The rollout and validation of DeepSeek V4 confirm the feasibility of the domestically made GPU “Xinhai strategy,” marking a key turning point for domestically produced AI chips to enter a phase where they are usable, sufficient, and scalable. With abundant electricity and the world’s second-largest computing power market, China can support the development of autonomous AI through large-scale deployment, and domestic chip localization is entering an earnings realization period. In terms of market size, China’s AI chip market in 2026 may exceed 200 billion yuan. Due to earlier constraints such as supply capacity, the subsequent growth rate may surpass that of overseas markets. Judging from Q1, bottlenecks in technology and capacity are gradually easing, and the “blue ocean” of domestic computing power worth hundreds of billions of yuan finally has the potential to land on the performance side.

In terms of investment directions, for chip design, previously accumulated demand is being released, and the Capex of domestic internet giants may exceed expectations. This year, performance driven by China’s domestic GPU chain is expected to accelerate; investors who are interested may consider focusing on the Sci-Tech Chip ETF (589100), the Sci-Tech Chip Design ETF (589260), and the Xinchuang ETF (159537), among others. For semiconductor equipment, narratives such as storage price increases and increased capacity expansion for “two storages” continue, and you can still keep an eye on the Semiconductor Equipment ETF (159516). However, given the relatively large gains in the short term, there may be volatility risks; interested investors may consider entering on pullbacks.

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Daily Economic News