GigaDevice's stock surged 7.04% intraday, driven by multiple positive catalysts including its upcoming inclusion in a major index and exceptional financial performance.

The semiconductor company is set to join the FTSE 50 Index on June 18, which is expected to trigger significant passive fund inflows. This comes alongside a broader semiconductor sector rally, with tight global storage chip supply-demand dynamics as cloud service providers have fully booked 2027 long-term agreement capacity and are advancing 2028 supply negotiations.

Fundamentally, GigaDevice reported remarkable Q1 results with net profit growth of 522.79% year-over-year, revenue nearly doubling, and operating cash flow surging 430%. The company also expanded its product portfolio with a new optical module MCU targeting AI computing infrastructure, further strengthening its market position amid industry capacity being redirected toward AI server and cloud infrastructure demand.