On June 24, the A-share semiconductor sector surged, with 34 related stocks hitting record highs.

[ Gearbest Technology News]On June 24, the A-share semiconductor sector broke out across the board. As of the close, the Science and Technology Innovation 50 Index closed up 3.82% to 1989.43 points, setting another record high. A total of 34 semiconductor-related stocks hit a record high that day, covering many core tracks such as memory chips, semiconductor equipment, wafer manufacturing, advanced packaging, power semiconductors, etc. GigaDevice, Huahong Grace, Northern Huachuang, China Microelectronics and other leading companies with a market value of 100 billion are all listed. Nearly 10 semiconductor equipment stocks hit all-time highs simultaneously, and the sector showed a strong pattern of new highs across the screen.

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Market analysts believe that the core drivers of this round of market sentiment come from two major expectations. First, the domestic substitution process in the semiconductor industry chain continues to accelerate, the market share of upstream equipment and materials continues to increase, and the fullness of orders from leading companies continues to be verified. Second, the interim performance disclosure window is approaching, and the industry's high prosperity is expected to be further verified in the upcoming financial report. Performance expectations will form strong support for valuations, and institutional funds will be significantly more willing to deploy.

It is worth noting that the semiconductor sector is also the camp with the highest concentration of high-priced A-share stocks. At the close of the day, the share prices of Demingli and Tuojing Technology exceeded 800 yuan respectively, and the share prices of three stocks, Northern Huachuang, GigaDevice, and Puran, all exceeded 700 yuan. So far, the camp of 100-yuan stocks in the semiconductor sector has expanded to 73, of which 10 stocks have a share price of more than 700 yuan. The proportion of high-priced stocks ranks first among all A-share sectors. From one aspect, it reflects that under the background of continued policy support and accelerated localization of the industrial chain, the market's recognition of the long-term value of the semiconductor industry is constantly increasing, and the semiconductor sector is gradually becoming an important direction for long-term allocation of funds.