"Bull returns quickly"! The semiconductor sector is strong, with the semiconductor ETF hitting the daily limit up with trading volume exceeding 4.4 billion yuan

On October 18th, the semiconductor ETF surged by 10.02% at the close, with a turnover of 4.45 billion yuan. Component stocks all rose strongly, with SMIC up by 20% hitting the limit up, SMIC International up by 19.99%, Hua Hong Semiconductor, JCET Group, and Montage Technology all rising by over 10%, while Naura Technology, Changdian Technology, and Tsinghua Unigroup Microelectronics followed suit. On the news front, Taiwan Semiconductor announced its performance for the third quarter of 2024 on the evening of October 17th, with a 39.0% year-on-year revenue growth in the third quarter. Quarter-on-quarter growth was 12.8%, net profit increased by 54.2% year-on-year and 31.2% quarter-on-quarter, all indicators exceeding market expectations, indicating that the demand for chips remains strong. According to Changcheng Securities, from a data perspective, the global semiconductor market continues to recover, with sales in August hitting a historical high for the same period. The latest data released by the Semiconductor Industry Association of America shows that global semiconductor industry sales have achieved positive growth for five consecutive months, reaching $53.1 billion in August, a year-on-year increase of 20.6% and a month-on-month increase of 3.5%, setting a historical high for the same period. Boosted by AI hardware innovation, PC demand is expected to recover first, making semiconductor ETF investment opportunities highly anticipated