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<Research>G Sachs Raises SMIC's TP to HKD83.5 Amid Rising AI-Related Semiconductor Demand
Recommend 15 Positive 21 Negative 6 |
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Goldman Sachs has issued a research report indicating a positive outlook on SMIC (00981.HK), citing that it will capitalize on continuous AI innovation and the demand for AI-related semiconductors. In China, cloud infrastructure providers are increasing their computing power, while AI chip suppliers are developing different solutions. As long-term demand for AI chips in China continues to rise, Goldman Sachs believes SMIC will be among the leading domestic foundries to benefit. SMIC's rating was kept as Buy, with a target price lifted from HKD73.1 to HKD83.5. AAStocks Financial News |
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