Huawei Ascend 960 chip progress drives surge in Chinese AI chip stocks
Chinese AI computing chip stocks surged on September 22, 2026, after industry sources and Ping An Securities reported that Huawei's Ascend 960 super node development has progressed faster than expected, with performance doubling and launch planned for Q1 2027. Xuanji Information hit the 20% daily limit, while Moore Threads rose 15% and several other chip firms gained over 6%. The rally reflects shifting competition from single-card performance to system efficiency.
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China AI Chip Stocks Surge on Huawei Ascend 960 Progress, Industry Outlook
Shares of Chinese computing power chip concept stocks expanded gains on September 22, with Xuanji Information hitting the 20% daily limit. Other notable gainers included China Great Wall Technology, Hesheng New Materials, and Zongyi Stock, all hitting the 10% limit, while Moore Threads rose 15% and several other chip firms gained over 6%. The rally was driven by industry commentary indicating that Huawei's Ascend 960 super node has recently progressed faster than previously expected. According to the source, this suggests that domestic computing power chips may enter a faster ramp-up in shipments. The commentary also noted that the performance competition among domestic chips is shifting from single-card performance to system efficiency, which could help expand the capability boundaries and improve the long-term prospects of domestic chips.
Read sourceAI Compute Chip Stocks Surge in China on Huawei Ascend 960 Progress, Xuanji Information Hits Daily Limit
AI compute chip (算力芯片) stocks in China expanded their gains on September 22, with Xuanji Information (旋极信息) hitting the 20% daily limit up. Other stocks including China Great Wall (中国长城), Hesheng New Material (禾盛新材), and Zongyi Stock (综艺股份) also hit their daily limits, while Moore Threads (摩尔线程) rose 15%. Wanto Development (万通发展), Muxi Stock (沐曦股份), Loongson Technology (龙芯中科), and Haiguang Information (海光信息) all gained over 6%. According to industry sources cited by the report, the recent progress of Huawei's Ascend 960 super node has exceeded previous expectations, suggesting that domestic AI compute chips may enter a faster shipment ramp-up period. The report also notes that competition among domestic chips is shifting from single-card performance to system efficiency, which could help expand the capability boundaries and long-term potential of domestic chips.
Meta's Personal AI Agent Boosts Chip Demand Optimism, Two Sci-Tech Innovation 50 ETFs Rise Over 2%
Semiconductor and chip stocks rose on September 22, 2026, driven by renewed optimism in chip demand following early signs of success for Meta Platforms Inc.'s new personal AI agent. This led to gains of over 10% for ARM, Intel, and other chip stocks, with server CPUs entering a volume and price growth cycle. Domestically, Haiguang Information (Hygon) is set to release a new chip category for physical world scenarios like robotics and machine vision. Guosheng Securities believes A-share markets are entering a rebound window due to volume, capital, and breadth signals. The AI computing cycle is lengthened by industry developments such as SK Hynix's planned US NAND fab, Huawei's 10-trillion-parameter large model target, and TSMC's 2027 expansion of 2nm/3nm capacity. The Sci-Tech Innovation 50 Index rose 2.06%, with components like Moore Threads up 12.21% and Montage Technology up 7.96%. The article promotes two ETFs tracking this index: Sci-Tech Innovation 50 Enhanced ETF Penghua (588460) and Sci-Tech Innovation 50 ETF Penghua (588040).
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Computing Power Chip Concept Stocks Surge; Xuanji Information Hits Daily Limit Up
On the East Money News platform, the computing power chip (算力芯片) concept saw an intraday expansion of gains. Xuanji Information (旋极信息) hit the 20% daily limit up, trading at 4.14 yuan. Other stocks in the sector, including China Great Wall (中国长城), Hesheng New Materials (禾盛新材), Zongyi Shares (综艺股份), Wantong Development (万通发展), Loongson Technology (龙芯中科), and Hygon Information (海光信息), also rose. The article notes the expansion is linked to the Huawei Ascend (华为昇腾) ecosystem and domestic chip capabilities, suggesting a market focus on the expanding boundaries and long-term potential of China's domestic chip industry. The data is sourced from East Money Choice Data.
Read sourceChip Stocks Surge on AI Optimism; Huawei Ascend 960 Chip Development Ahead of Schedule
Semiconductor chip stocks rallied sharply in China, driven by positive news both domestically and internationally. Meta's AI agent Muse has boosted market expectations for server CPU demand. Domestically, Haiguang Information is set to release its new 1000 series CPU targeting low-power, embedded, and edge computing needs. Ping An Securities reported that Huawei's Ascend 960 chip development is progressing faster than expected, with performance doubling and the launch planned for Q1 2027, three quarters ahead of schedule. Huawei also introduced the first NPO-based Ascend 960 super node, supporting 4096 cards per node, which could significantly enhance domestic AI computing capacity and accelerate the evolution of large models from usable to effective, promoting AI adoption across industries. As of 10:05 on September 22, 2026, the Kechuang Chip ETF (588920) rose 2.63%, with components like Moore Threads up 11.75% and Montage Technology up 8.38%. The Kechuang Chip Design ETF (589170) rose 4.24%. The article also lists the top ten weight stocks of the Shanghai Stock Exchange Science and Technology Innovation Board Chip Index as of August 31, 2026.
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