As of 09:39 on October 17, 2024, the Shanghai Stock Exchange Science and Technology Innovation Board Chip Index (000685) rose 2.55% strongly, the constituent stocks Loongson Zhongke rose 13.15%, Cambrian rose 5.79%, Hengxuan Technology rose 5.20%, Haiguang Information, Smartway and other stocks followed suit. The Science and Technology Innovation Chip ETF Bosera (588990) rose 2.28%, the latest price was 1.3 yuan, and the intraday turnover has reached 8.2572 million yuan.

Recently, the CEO of Nvidia said that the B series chips have been fully put into production, and the market demand is strong, and Microsoft Azure has obtained an AI server equipped with Nvidia's GB200 super chip, becoming the first company in the global cloud service provider to use the Blackwell system. In addition, AMD announced new flagship AI chips, server CPUs, AI NICs, DPUs, and AIPC mobile processors.

Shanxi Securities said that from the orderly delivery of Nvidia Blackwell servers and the release of a new generation of AI chips by AMD, it can be seen that both Nvidia and AMD, the pace of product updates has accelerated due to intensified market competition, demand growth and technological development. According to Lisa Su, the AI accelerator market will grow at a rate of 60% per year, reaching $500 billion by 2028. We judge that the demand for AI will continue to grow and are firmly bullish on the AI chain. At the same time, with the continuous launch and replacement of AI mobile phones, AIPCs, and AI wearables, we judge that AI device-side applications will accelerate the implementation and bring about device updates and hardware upgrades. It is recommended to pay attention to the domestic upgrading of equipment, materials, and components, the demand for high-performance chips and advanced packaging driven by AI technology, and the replacement tide and hardware upgrade opportunities brought by AI device-side applications in the first year.

The SSE STAR Market Chip Index selects securities related to semiconductor materials and equipment, chip design, chip manufacturing, chip packaging and testing from the listed companies on the STAR Market as the index sample to reflect the overall performance of the securities of listed companies in the chip industry on the STAR Market.

According to the data, as of September 30, 2024, the top ten weighted stocks in the SSE Science and Technology Innovation Board Chip Index (000685) are Haiguang Information (688041), SMIC (688981), China Micro Corporation (688012), Montage Technology (688008), Cambrian (688256), Shanghai Silicon Industry (688126), China Resources Micro (688396), Jingchen (688099), Huahai Qingke (688120), and Tuojing Technology(688072), the top 10 weighted stocks accounted for 60.54% of the total.