Huawei Ascend 960 super node progress exceeds expectations, AI compute chip stocks surge; Xuanji Information hits 20% daily limit
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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.
Source report
September 22, 2024 — The computing power chip concept saw its intraday gains expand, with Xuanji Information hitting the 20% daily limit. Earlier, China Great Wall, Hesheng New Materials, and Zongyi Stock also hit their daily limits. Moore Threads rose as much as 15%, while Wantong Development, Muxi Shares, Loongson Technology, and Haiguang Information all gained over 6%.
Market Context:
- Industry sources indicate that recent progress on Huawei's Ascend 960 super node has exceeded earlier expectations.
- This suggests that domestic computing power chips may enter a faster ramp-up in shipment volumes.
- The competitive landscape for domestic chips is shifting from single-card performance to system-level efficiency.
- This shift is expected to help expand the capability boundaries of domestic chips and improve their long-term growth potential.
Source
财联社Eastern