KGI 凯基 2026 下半年环球市场展望：迷雾藏曙光

Market Commentary

NVIDIA and SK Hynix officially announced a multi-year cooperation plan, securing advanced memory supply. Jensen Huang stated that "the agreement will last for more than two years and has the ability to be continuously renewed." NVIDIA and SK Hynix announced a multi-year strategic partnership - jointly developing next-generation memory chips covering AI supercomputing, personal PCs to full-stack robot platforms, and securing long-term supply guarantees. NVIDIA CEO Jensen Huang warned that the memory shortage "will last for years."

Southbound Stock Connect recorded a net inflow of HK$11.318 billion on Monday. Among them, the Tracker Fund (02800.HK) saw the largest inflow, reaching HK$5.595 billion; followed by Tencent Holdings (00700.HK). SMIC (00981.HK) recorded the largest net outflow, at HK$925 million; followed by Meituan-W (03690.HK).

Source: KGI Securities