On July 6, GigaDevice Semiconductor (03986.HK) fell 3.05% in regular trading, trading at HKD 902.5/share, with turnover of HKD 565 million, extending the prior week's selloff.

On the news front, Meta's reported plan to launch a cloud infrastructure business and sell excess AI computing resources externally has been interpreted by the market as a signal that AI capital expenditure is peaking. This triggered a broad selloff across the global computing power supply chain. The Philadelphia Semiconductor Index previously plunged 6.27% in a single session, while Micron tumbled 10.57%. GigaDevice hit limit-down on A-shares and fell over 15% on its Hong Kong listing on the initial reaction day.

The stock remains under pressure from both computing oversupply expectations and elevated valuation concerns. The company's trailing PE stands at approximately 200x, significantly above the IC design industry average of around 129x. GigaDevice itself previously issued a risk warning stating that storage chip prices are at historical highs, noting that supply-demand rebalancing will eventually lead to a considerable price correction.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)