Stock Track | SMIC Soars 5.12% Intraday on Citi Upgrade and Storage Chip IPO Progress

Stock Track

May 21

SMIC's stock price soared 5.12% during intraday trading on Thursday, extending recent positive momentum in the semiconductor sector.

The rally is driven by multiple catalysts, including Citi's upgrade of SMIC to Buy with a target price of HK$90, citing improved fundamentals. Additionally, progress in A-share listings of domestic storage chip giants Yangtze Memory and ChangXin Technology, which are key foundry partners for SMIC, is boosting investor sentiment. Analysts note the semiconductor sector is supported by wafer fab expansion cycles and robust AI-driven demand for advanced packaging, positioning SMIC as a core beneficiary of China's semiconductor localization trend.

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Additionally, progress in A-share listings of domestic storage chip giants Yangtze Memory and ChangXin Technology, which are key foundry partners for SMIC, is boosting investor sentiment. Analysts note the semiconductor sector is supported by wafer fab expansion cycles and robust AI-driven demand for advanced packaging, positioning SMIC as a core beneficiary of China's semiconductor localization trend.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00981","symbol_name":"中芯国际","start_time":0,"source_url":"","article_id":"1104251405","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1104251405","pubTimestamp":1779327653,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"SMIC's stock price soared 5.12% during intraday trading on Thursday, extending recent positive momentum in the semiconductor sector.The rally is driven by multiple catalysts, including Citi's upgrade...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00981":"中芯国际"},"translate_title":"股票赛道|花旗升级及存储芯片IPO进展中芯国际盘中大涨5.12%","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/ad2a3bbe5144ed91a68bade19c79beff","symbols_score_info":{"00981":1},"content_text":"SMIC's stock price soared 5.12% during intraday trading on Thursday, extending recent positive momentum in the semiconductor sector.The rally is driven by multiple catalysts, including Citi's upgrade of SMIC to Buy with a target price of HK$90, citing improved fundamentals. 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