On July 8, GigaDevice (03986) rose 4.55% in regular trading, trading at HKD 793.5/share, with turnover of HKD 222 million. The stock staged a technical rebound after consecutive sessions of sharp declines.

On the news front, overnight US equity indices closed higher collectively, with the Philadelphia Semiconductor Index expanding gains to over 3.5%, as the previous computing power overcapacity panic that had weighed heavily on the chip sector showed signs of easing. Additionally, Goldman Sachs published a report indicating that AI investment focus is shifting toward real industries, with capital expenditure potentially reaching USD 7.6 trillion over the next six years, providing support for computing power demand outlook.

Within the Semiconductors sector, peer stocks broadly strengthened. HUA HONG GRACE rose 5.44%, SMIC gained 3.88%, and BIREN TECH advanced 2.84%, with the sector exhibiting a broad oversold recovery pattern following last week's severe selloff triggered by Meta's reported plans to sell excess AI computing resources.

(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.)