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SMIC’s Hong Kong-Listed Shares Soar Most in Nearly Three Weeks After Morgan Stanley Upgrades to Overweight
2025-10-21 /
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Author：小编
SMIC’s shares listed in Hong Kong saw a surge of over 5% at one point, marking their largest intraday gain in nearly three weeks. This move came after Morgan Stanley upgraded its rating on SMIC to “Overweight” and substantially raised its target price from HK$40 to HK$80. The investment bank also highlighted that the widespread adoption of artificial intelligence applications in China, along with policy support for domestic AI GPUs, is expected to significantly drive up demand for locally produced advanced-process wafer foundry services over the next two years. In addition, Morgan Stanley increased its target price for Hua Hong Semiconductor to HK$60, while downgrading its rating to “Underweight.”
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