Shanghai Fudan (01385) shares soared 5.03% in intraday trading, as part of a broader rally in chip stocks. The surge comes amid positive developments in the domestic chip industry and growing optimism about the future of AI technology in China.

The rally was fueled by news from AI company DeepSeek, which officially released its DeepSeek-V3.1 version. This latest iteration utilizes UE8M0 FP8 Scale parameter precision, a technology specifically designed for the upcoming next-generation domestic chips. Industry experts anticipate that these domestic chips will soon see large-scale application, potentially reshaping the landscape of China's tech sector.

Analysts from Oriental Securities noted that several new-generation domestic chips are beginning to support FP8 technology, including products from companies like Muxi, VeriSilicon, Cambricon, Moore Threads, and Hygon. As domestic AI chip design and manufacturing processes continue to improve, coupled with the ongoing development of domestic large language models, the market share of domestic computing power is expected to rise. This positive outlook has contributed to the sustained momentum in the domestic chip market rally, with investors showing increased confidence in companies like Shanghai Fudan.