On June 23, the concept of semiconductors and chips once again "dominated" the A-share market. As of the close of trading, many stocks such as Ashichuang, Goke Micro, and Pengding Holdings were trading at their daily limit, and Fulhan Micro, Silan Micro, and Weill Technology followed suit.

rise.

After-hours data showed that more than 8 billion yuan of main funds flowed into these two sectors.

Looking at specific stocks, Changdian Technology received a net inflow of 751 million yuan, Gree Electric received a net inflow of more than 500 million yuan, Weir and Zhonghuan Technology both received a net inflow of more than 400 million yuan. In addition, Sanan Optoelectronics, GigaDevice, and

Many stocks such as Huatian Technology were actively pursued.

The recent strong rise in the semiconductor industry has once again become the focus of the capital market.

Since mid-May, there has been a significant inflow of funds into the technology sector.

Taking semiconductor chip stocks as an example, data shows that the chip index rose by 2.92% in the second week of May. After a slight adjustment the next week, it started a sharp rise.

In the past month, the chip index has surged by 24.45%.

In this regard, GF Fund believes that in the short term, shortages and price increases due to the imbalance of supply and demand in the semiconductor industry will benefit domestic semiconductor manufacturers, and the industry's prosperity will be high; in the long term, leading companies may have better investment value.

According to statistics from the Research and Development Department of Guangfa Fund, from 1990 to 2019, the market size of the global semiconductor industry has increased eightfold, from about US$50 billion to US$400 billion.

Downstream demand has ranged from personal computers from 1990 to 2000, to feature phones from 2000 to 2010, to smartphones from 2010 to 2020. Last year, it even gave birth to the development of online office and study habits, further

Promoted the explosion of demand for computers, tablets, servers, etc.

The endless innovation of downstream electronic products drives the rapid development of the industry.

GF Fund believes that in the face of huge domestic demand, opportunities in the semiconductor field are very attractive.

In the short term, the imbalance between supply and demand in the industry has continued since last year.

Out-of-stock prices and price increases have a greater impact on downstream industries. For example, in the past six months, many automobile manufacturers around the world have had to reduce production or even announce a suspension of production due to "core shortages." Some end-product merchants have been forced to cease operations in the context of chip shortages and price increases.

However, for domestic semiconductor manufacturers, shortages and price increases have made the industry boom, and they have continued to increase production and production, and have greatly increased the speed of product verification to batch supply.

In the long run, relevant leading companies will have more industrial chain resources, become more competitive, or have better investment value.

At the same time, Guosheng Securities reminds investors to control their positions and beware of the negative feedback effect on the market if the index continues to weaken, which will cause technology stocks to adjust passively.