Chinese Chip Stocks Surge at Midday; STAR 50 Up 2.35%

The divergence is the story: computing-power chip names are carrying the STAR 50 while the broader Shenzhen and ChiNext gauges sit slightly lower and decliners outnumber advancers, so this reads as a concentrated thematic move rather than a broad risk-on session. Enflame's record high and Cambricon reclaiming the 1,000 yuan level put the spotlight squarely on domestic AI silicon as the market's preferred expression of the theme. Heavy morning turnover alongside narrow breadth suggests momentum is being crowded into a few names. Whether that leadership broadens or stays confined to computing-power chips is the open question.