The semiconductor sector began to rise, and the Nuoan Fund rose more than 9% because of its heavy position in semiconductors. Recently, due to the adjustment of semiconductor policy, semiconductor-related products in the A-share market began to soar. Previously, due to the heavy position of the semiconductor sector, the Nuoan Fund also resumed growth, with a growth rate of over 9%, and once again boarded the online hot search. Some analysts said that due to the acceleration of domestic substitution in the domestic market, the performance of some semiconductor companies began to pick up, and the recovery of prosperity also led to the rebound of stock prices, which led to the rise of this semiconductor sector. According to the data of well-known securities companies, in the third quarter, the revenue of listed companies in the domestic semiconductor industry was * * * 53.9 billion, up 40% year-on-year, and the profit reached 6.9 billion RMB, up 140% year-on-year. The growth of income and profit also brings good prospects for the development of the industry.

However, some industry analysts said that although the company's performance and share price are increasing, the profitability of domestic semiconductor companies is not high at present, at least compared with the current share price increase, the performance of these companies is not enough to support the stock price to continue to rise. Although the semiconductor industry has been strongly supported by national policies in the long run, there is indeed a lot of room for domestic substitution, but at this point in time, the rise of stock price is more an emotional rebound, which is not enough to support the improvement of stock price in actual performance, especially profit.

In fact, the P/E ratio of A-share semiconductor plate has been very high due to the national policy favoring semiconductors in recent years. Some semiconductor companies, such as Zhuo Shengwei and Sheng Bang, have actually increased their share prices by 1 1,000%, doubling by 10, and the bubble risk has to be prevented.

Therefore, many fund analysts said that the current valuation of the semiconductor industry is too high, which is obviously an emotional reaction driven by policies. Although the semiconductor prospect market is still very large, we can start from the bottom when the industry leader rushes back.