GIGADEVICE (03986) rose more than 5%. As of the time of writing, the stock was up 5.59%, trading at HKD 321, with a turnover of HKD 29.8414 million. On the news front, South Korean memory giants saw their shares plummet on Monday, influenced by expectations of tighter overseas liquidity and the first decline in DRAM spot prices in months. However, Goldman Sachs noted in its latest report that despite volatility in the spot market, DRAM contract prices have not fallen; instead, they face expectations of an even steeper increase. The team of Goldman Sachs analyst Giuni Lee pointed out that DRAM pricing forecasts for major application areas in the first quarter of 2026 have been significantly raised. In particular, overall pricing for traditional DRAM, which is already expected to increase by 45%-50% quarter-on-quarter in Q4 2025, is now projected to achieve a further 90%-95% sequential growth in Q1 2026, far exceeding previous market and the bank's own expectations.