Wind data shows that as of 10:36, the Shanghai Composite Index rose 0.48% to 3818.72 points, the Shenzhen Component Index rose 1.25%, and the ChiNext Index rose 2%. More than 2,500 stocks in the city fell, while 2,600 stocks rose. The trading volume of Shanghai and Shenzhen stock markets exceeded 1 trillion for the 67th consecutive trading day.

Chip stocks strengthened, SMIC rose by more than 12%

As of 10:44, chip stocks fluctuated and strengthened, Science and Technology Innovation 50 rose by more than 4%, and SMIC rose by more than 12%, and its stock price hit a record high.

Cambrian rose 6%, with a market value of 600 billion yuan, while Xinyuan Co., Ltd., Lanqi Technology, China Micro Corporation and others rose one after another.

On the news front, the artificial intelligence (AI) industry ushered in a top-level roadmap.

On August 26, the State Council issued the “Opinions on Deeply Implementing the “Artificial Intelligence +” Action” (hereinafter referred to as the “Opinions”), proposing to accelerate the implementation of six key actions and eight basic support capabilities.

Tianfeng Securities believes that domestic big model developers and Internet platforms are expected to gradually increase the procurement and use scale of domestic chips. Corresponding domestic chip suppliers and their supporting industrial chain companies are expected to usher in development opportunities.