Shanghai Fudan (01385.HK) shares surged 5.13% in intraday trading on Thursday, riding the wave of optimism in the global memory chip sector. The stock's rise comes amid a broader rally in semiconductor stocks, particularly those focused on memory chips, as artificial intelligence (AI) applications drive unprecedented demand.

The surge in Shanghai Fudan's stock price aligns with the overnight rally in U.S. memory chip stocks, where industry giants like SanDisk, Western Digital, and Seagate Technology saw significant gains. This upward trend was further bolstered by SK Hynix's impressive financial results, which revealed a 62% increase in profits and a fully booked order book for next year's memory chip production.

Market analysts are increasingly bullish on the memory chip sector. Morgan Stanley has predicted a potential "super cycle" for the industry, driven by the AI boom. Additionally, TrendForce's latest survey indicates that server DRAM contract prices are set to rise, benefiting from global cloud service providers expanding their data center capacities. These factors collectively paint a promising picture for companies like Shanghai Fudan, which are positioned to capitalize on the growing demand for memory chips in AI and cloud computing applications.