On July 8, Hua Hong Semiconductor rose 3.83% in regular trading, trading at 187.5 HKD/share, with turnover of 7.84 billion HKD. The stock continues to gain momentum following Goldman Sachs's significant target price revision.

Goldman Sachs recently published a research report raising its target price on Hua Hong Semiconductor from 174 HKD to 333 HKD, maintaining a Buy rating. The bank believes that advancing capabilities of large AI models will drive demand for AI chips and data center power management chips. Goldman Sachs is optimistic about the company's continued 12-inch capacity expansion and product mix upgrade toward 40nm and 28nm processes, projecting operating margins to gradually improve from the current 1% to a normalized level of 14%-17% over the long term. The catalytic effect of this upgrade has extended into today's session, following a 5% gain on July 7 driven by the same catalyst.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)