INNOSCIENCE's stock surged 5.02% during intraday trading on Thursday, extending recent gains for the gallium nitride (GaN) power semiconductor leader.

The rally is driven by a new wave of price increases in the power semiconductor market, with industry giants like Infineon, Texas Instruments, ON Semiconductor, and STMicroelectronics announcing hikes. Infineon specifically cited surging demand and supply shortages for its products, fueled by AI data center deployments, projecting related revenue to reach approximately €2.5 billion by fiscal year 2027.

As the global leader in GaN power semiconductors, INNOSCIENCE is a direct beneficiary of this industry upcycle. The company is strategically positioned with a full GaN solution tailored for the 800V high-voltage DC power architecture, which NVIDIA has designated as the core power supply solution for its next-generation AI factories. This places INNOSCIENCE at the center of accelerating industry demand.

Beyond the immediate catalyst, the company has strong growth prospects with revenue forecast to grow 31.4% annually and earnings expected to increase 56.05% per year, outpacing the Hong Kong market average.