AI Chip Concept Stocks Watch丨SMIC (00981.HK) Fluctuates Up Over 2%, Domestic AI Chip Orders and Performance Expected to Continue Delivering

NewTimeSpace (newtimespace.com) reported that on July 24, 2026, the chip theme bucked the broader market trend and strengthened, with SMIC (00981.HK) fluctuating higher. As of 13:18, the stock was quoted at HKD 72.500, up 2.47%.

On the news front, on July 24, Intel released its second‑quarter earnings, reporting a 25% year‑on‑year revenue increase driven by sustained explosive demand for AI computing power, marking the strongest quarterly growth since Q3 2011. Additionally, Nvidia signed a USD 1.5 billion agreement with Amkor Technology Inc. to support the latter's chip packaging facility upgrades and expand its semiconductor presence in the United States.

Guolian Minsheng Securities pointed out that both supply and demand sides of the domestic computing power industry are showing significant improvement. The rise of domestic computing power has become an important industrial trend. The firm recommends focusing on the "three arrows": chips, FAB, and superserver nodes. Among these, domestic AI chip demand is surging alongside accelerated substitution, transitioning from product validation to large‑scale delivery, with orders and performance expected to continue materializing.

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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