The biggest news over the weekend is that Alibaba’s chip has entered the testing phase, and this chip is believed to be capable of replacing NVIDIA’s H20.
Some have also summarized Alibaba-related concept stocks. Let’s not discuss how Alibaba’s chip will perform for now. Instead, let’s talk about the overall chip environment.Globally, the high-end chip market is dominated by the United States, which accounts for over 80%. China has been positioned in the low-end chip chain. Several Chinese semiconductor companies supplying NVIDIA, such as Zhongji Xuchuang, Tianfu Communication, Shenghong Technology, and Robot Technology, are all valued at hundreds or thousands of yuan, with their market values increasing exponentially. The chip market is substantial,with the U.S. semiconductor chip exports to China expected to reach $50.8 billion (approximately 371 billion RMB) in 2024, accounting for 7.21% of total U.S. exports to China.
The global chip market size is projected to reach $683 billion in 2024, a year-on-year increase of 25%, and this growth rate is expected to be maintained in 2025.
From a macro perspective, the semiconductor industry in China is in the early stages of rising, with significant future potential. Although fluctuations and adjustments are inevitable during this period, the trend is positive. With the support of rare earth resources and national strength, as well as state capital, the development space for this industry will gradually be opened up.
In terms of details, whether Alibaba’s chip will weaken the momentum of Cambricon is currently uncertain. Cambricon is not a stock that small investors can easily participate in; buying 200 shares requires over 300,000 yuan, which directly excludes over 60% of retail investors.
The second piece of information to pay attention to over the weekend is that semi-solid batteries are now available under 100,000 yuan, and the new MG4 has taken the lead in technology popularization, with the leading company Guoxuan High-Tech already showing significant activity.
The third point is that there will be a significant conference on the low-altitude economy in September, and related industries will see a continuous stream of stimulating news.
In terms of the overall market, September does not appear bearish, but since the leading sectors, rare earths and technology, are both at high levels, new hotspots are needed to assist. Overall, September is expected to see a lot of sideways trading. There is still a willingness to reach new highs in the medium term.
Stock pool: Celis, Zhongwei, Guoxuan High-Tech… (not a recommendation)