Chip stocks advanced significantly in Hong Kong trading. At the time of writing, ILUVATAR COREX (09903) rose 12.92% to HK$526.5, MONTAGE TECH (06809) gained 9.78% to HK$287.4, BIREN TECH (06082) increased 5.62% to HK$49.28, and SMIC (00981) was up 4.16% to HK$73.85.

The rally comes as domestic computing power chip companies enter a crucial period for delivering on their financial performance. According to reports, Cambricon, Hygon Information, Moore Threads, and MetaX have all disclosed their financial reports for the first quarter of 2026, while BIREN TECH and ILUVATAR COREX have yet to release their Q1 data.

Reported figures show that both Cambricon and Moore Threads achieved year-over-year revenue growth exceeding 150%, while Hygon Information's Q1 revenue surpassed 40 billion yuan, providing continued evidence of the sector's robust growth.

Notably, DeepSeek recently launched its new flagship large language model, DeepSeek-V4, and made it open-source. Oriental Securities analysis suggests that DeepSeek-V4's strong performance and high cost-effectiveness will significantly enhance the global competitiveness of domestic models. The availability of low-cost supply is expected to substantially boost demand for AI applications, subsequently driving an uptick in market sentiment across the domestic computing power chip and semiconductor equipment industry chain.