Stock Track | SMIC Soars 5.01% Intraday on Semiconductor Sector Rally and Storage Capacity Expansion

Stock Track

Jun 24

SMIC's stock price surged 5.01% during intraday trading on Wednesday, significantly outperforming the broader market.

The rally is attributed to sustained strength in the semiconductor sector, which has been gaining for multiple sessions. SMIC specifically benefits from an upswing in the storage industry, where overall capacity is in short supply. The company has stated it is deploying additional capacity to increase flexibility, leveraging its years of mass production experience in specialty storage areas like NOR and NAND flash.

Further supporting the move, southbound capital has been continuously adding positions in SMIC in recent sessions. Additionally, the company recently completed the transfer of a 49% equity stake in SMIC North, making it a wholly-owned subsidiary. Analyst sentiment remains positive, with Everbright Securities International maintaining a buy rating on the stock.

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SMIC specifically benefits from an upswing in the storage industry, where overall capacity is in short supply. The company has stated it is deploying additional capacity to increase flexibility, leveraging its years of mass production experience in specialty storage areas like NOR and NAND flash.</p><p>Further supporting the move, southbound capital has been continuously adding positions in SMIC in recent sessions. Additionally, the company recently completed the transfer of a 49% equity stake in SMIC North, making it a wholly-owned subsidiary. Analyst sentiment remains positive, with Everbright Securities International maintaining a buy rating on the stock.</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":"1108397895","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1108397895","pubTimestamp":1782266356,"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 surged 5.01% during intraday trading on Wednesday, significantly outperforming the broader market.The rally is attributed to sustained strength in the semiconductor sector, which...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00981":"中芯国际"},"translate_title":"个股赛道|半导体板块涨势和存储产能扩张中芯国际盘中飙升5.01%","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/b7ae80d334a97e12bea66c19442fd978","symbols_score_info":{"00981":1},"content_text":"SMIC's stock price surged 5.01% during intraday trading on Wednesday, significantly outperforming the broader market.The rally is attributed to sustained strength in the semiconductor sector, which has been gaining for multiple sessions. 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