AI Chip Concept Stocks Watch丨SMIC (00981.HK) Fluctuates Weaker, Meta Triggers Market Panic over AI Computing Power Glut

NewTimeSpace (newtimespace.com) reported that on July 3, 2026, the chip theme rebounded in trading, while SMIC (00981.HK) fluctuated lower. As of 14:02, the stock was quoted at HKD 78.200, down 2.74%.

On the news front, overseas tech giant Meta recently planned to monetize its massive AI infrastructure investments by selling access to its surplus artificial intelligence computing power and model capabilities, creating a new revenue channel. This move triggered market panic over an "AI computing power glut." Meanwhile, global lithography leader ASML announced an upward revision to its full‑year revenue guidance, primarily due to sustained growth in demand for advanced lithography equipment related to AI chip manufacturing.

Kaiyuan Securities research report pointed out that domestic CSPs such as Alibaba and Tencent have all indicated they will increase capital expenditures, with strong downstream demand. Moreover, as domestic chip supply gradually ramps up, the computing power supply situation is expected to improve, presenting new opportunities for domestic computing power.

SMIC (00981.HK)Provides IC wafer foundry and related technical services. It is the largest pure-play wafer foundry in China by capacity and offers the broadest coverage of process nodes. Its mature and select advanced process lines address applications including smart terminals, IoT, and computing chips. Based on its periodic disclosures, wafer shipments, capacity utilization, and revenue are at historically high levels.

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