INNOSCIENCE (02577) surged more than 5%, trading at HK$75.9 by the time of writing, up 3.55%, with a turnover of HK$106 million. BofA Securities released a research report stating that INNOSCIENCE is a leading player in gallium nitride (GaN) power semiconductors, commanding a 30% global market share by revenue last year. The firm is optimistic about INNOSCIENCE's long-term growth prospects, citing the rapid expansion of the global GaN power semiconductor market at a 63% CAGR (2024–2028), sustained profitability improvements from economies of scale and technological innovation, and revenue potential from its collaboration with NVIDIA on 800V HVDC architecture starting in 2027. BofA initiated coverage with a "Buy" rating and a target price of HK$108, projecting a 72% revenue CAGR for INNOSCIENCE from 2024 to 2027. The net profit margin is expected to reach 12.1% by 2027, compared to -126.2% in 2024.