Stock Track | SMIC Soars 5.03% Intraday on Earnings Anticipation and Semiconductor Industry Optimism
Stock Track
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SMIC's stock price surged 5.03% during intraday trading on Monday, reflecting strong investor interest in the semiconductor giant.
The movement comes ahead of the company's scheduled financial results release and amid positive industry trends. According to market analysts, the global foundry sector remains buoyant, driven by rapidly growing demand for AI computing power, with price hikes continuing to spread across the semiconductor supply chain.
Analysts suggest that the upward pricing trend for domestic chips is expected to persist into the first half of 2026, with more companies likely to follow suit, contributing to the positive sentiment surrounding semiconductor stocks like SMIC.
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