As of the close on July 9, the SMIC concept sector rose 6.12%, ranking second among concept sector gains. Within the sector, 83 stocks advanced, with stocks like GRINM Semiconductor and Essen Technology hitting the 20% daily limit up, and stocks like Lion Micro, Yoke Technology, and GRINM Advanced Materials also hitting the daily limit up. In terms of capital flows, the sector saw a net inflow of 15.019 billion yuan in main capital, with 51 stocks receiving net main capital inflows and 26 stocks seeing net inflows exceeding 100 million yuan. Leading the inflows, JCET received a net main capital inflow of 4.023 billion yuan, while SMIC, Montage Technology, and Advanced Micro-Fabrication Equipment Inc. China saw net inflows of 3.058 billion yuan, 1.922 billion yuan, and 1.659 billion yuan respectively. In terms of inflow ratios, Zhejiang Zhongcheng Packing, JCET, and SMIC led the pack, with main capital net inflow ratios of 38.68%, 19.63%, and 12.93% respectively.
Tigress Financial Raises Intel Price Target to $145 on Terafab Partnership
Tigress Financial reiterated its Buy rating on Intel and raised its price target to $145 from $118 on September 15, citing the company's Terafab partnership with companies associated with Elon Musk, including SpaceX, Tesla, and xAI, as a strategic boost to its AI foundry ambitions. The initiative is part of an ambitious semiconductor manufacturing project focused on producing advanced chips for artificial intelligence, robotics, autonomous vehicles, and other compute-intensive applications. Intel said in its second-quarter earnings report that it remains well positioned to pursue sustainable growth through advanced packaging and its wafer foundry network, pointing to momentum in Physical AI and robotics with more than 130 customers testing its Core Ultra Series 3 and Core Series 3 processors for edge AI and robotics applications. The partnership's commercial terms, production volumes, and potential revenue contribution have not been fully disclosed, and the principal risk is that it could strengthen Intel's strategic position in foundry manufacturing without generating meaningful financial returns for several years. According to the Insider Monkey database, 138 hedge funds held stakes in Intel at the end of the second quarter, up from 112 funds in the first quarter, with SoftBank Group Corp. and Coatue Management among the notable institutional holders at approximately $12.14 billion and $1.68 billion, respectively, while roughly 152.25 million Intel shares were sold short as of August 31, representing about 3.02% of the public float.
Cramer Says Broadcom Has More Orders Than Almost Anyone But NVIDIA
Jim Cramer said Broadcom CEO Hock Tan told him demand for AI compute infrastructure remains extremely strong and durable, with the custom chip designer holding more orders than almost anybody other than Jensen Huang. Cramer's remarks on CNBC center on whether Broadcom can keep capturing custom AI chip orders, and the third quarter earnings released on September 2nd support the growth narrative, with revenue up 86%, AI semiconductor revenue up 221%, and fiscal year 2026 guidance implying 186% annual AI revenue growth. Tan reaffirmed that Broadcom could pull in $115 billion in annual AI chip sales in 2027 and $230 billion in 2028. Still, the fiscal fourth quarter guide left investors wanting more, with $34.8 billion in revenue missing analyst estimates of $35.03 billion and gross margin guided at 73%, a five point annual drop due to a higher mix of XPU sales. Estimates suggest 71% of Broadcom's fiscal 2027 and 2028 XPU deployment could rely on OpenAI and Anthropic, meaning a huge portion of orders might come from firms now calling for a slowdown in AI development. In Q2, 170 out of the 1,006 funds tracked by Insider Monkey held a stake in Broadcom, a slight drop from 163 out of 1,022 funds in Q1, with notable exits including Third Point and Two Sigma Advisors, and the stock trades at a forward P/E ratio of 18 versus NVIDIA's 23.42.
Intel and SK Hynix Explore US Memory Chip Partnership as Shares Surge
Intel and SK Hynix are exploring partnership opportunities to manufacture memory chips in the United States, reportedly centered on Intel's long-delayed Ohio manufacturing complex, with possibilities ranging from SK Hynix leasing capacity to a broader joint venture involving cloud companies. No formal partnership has been announced, and SK Hynix stressed that no specific plans or arrangements have been finalized. Since reports of the potential partnership surfaced Wednesday, Intel shares have surged roughly 10%, while SK Hynix has climbed about 5%; SK Hynix stock has risen 20% since its U.S. Nasdaq debut in July, while Intel is up about 4% over the same period. Intel's turnaround is gaining traction independently, with Q2 revenue jumping 25% year over year to $16.1 billion, Data Center and AI revenue surging 59% to $6.3 billion, Intel Foundry revenue up 31%, and management guiding Q3 sales to $15.8-$16.8 billion, while the Zacks Consensus calls for fiscal 2026 revenue to rise nearly 18% and FY26 EPS to soar to $1.50 from $0.42 per share last year. SK Hynix reported record Q2 performance amid robust AI demand, began mass shipments of HBM4 with production expected to ramp through the second half of the year, and shipped samples of HBM4E, while the Zacks Consensus Estimate calls for FY26 revenue to soar over 250% to $240.09 billion and EPS to jump more than 500% to $25.69. Despite its AI-memory leadership, SK Hynix trades at a forward P/E multiple of 7X, while Intel trades at more than 100X forward earnings; SK Hynix carries a Zacks Rank #2 (Buy), while Intel holds a Zacks Rank #3 (Hold).
SMIC
Guangdong Macro Co Ltd
Shanghai Zhezhong Construction Co Ltd
Jiangsu Yoke Technology Co Ltd
Beijing SDL Technology Co Ltd
Grg Metrology
Nanfang Pump Industry
Shanghai Sinyang Semiconductor
Jiangsu Nata Opto Electr Material
Yangzhou Yangjie Electronic Technology Co Ltd
Suzhou Sushi Testing Instrument Co Ltd
NanJing Sanchao Advanced Materials Co Ltd
Jiangsu Jiejie Microelectronics Co Ltd
Suzhou Crystal Clear Chemical Co Ltd
Essence Fastening Systems (Shanghai) Co. Ltd.
Ferrotec (Anhui) Technology Development Co. Ltd. A
Guangdong Lvtong New Energy Electric Vehicle Technology Co. Ltd. Cl A
Grinm Advanced Materials Co Ltd
JCET Group Co Ltd
Shanghai Laimu Electronics Co Ltd
PNC Process Systems Co Ltd
Hangzhou Lion Electronics Co Ltd
Montage Technology Co Ltd
Advanced Micro Fabrication Inc
Shenzhen Qingyi Photomask Ltd
Jiangsu Leadmicro Nano Technology Co. Ltd. A
Zbit Semiconductor Inc. A
GRINM Semiconductor Materials Co. Ltd. A
Leaguer Shenzhen MicroElectronics Corp
Semiconductor Manufacturing Intl Co