GIGADEVICE's stock price surged 9.70% during Tuesday's intraday trading session, leading gains among memory-related stocks in the Hong Kong market.
The rally is primarily driven by positive industry news regarding memory chip pricing. Reports indicate that Samsung Electronics, after implementing a 100% DRAM contract price increase in the first quarter, is expected to raise second-quarter contract prices by another 30% quarter-over-quarter. Samsung has confirmed completing new price negotiations with major global clients, with the increases now fully implemented.
Market research firm TrendForce projects that memory prices will continue their upward trajectory in the second quarter, with general-purpose DRAM contract prices expected to rise 58-63% and NAND Flash contract prices anticipated to increase 70-75% quarter-over-quarter. Industry analysts widely predict that the current memory chip shortage could persist through the end of 2027, supporting the bullish sentiment toward memory semiconductor companies like GIGADEVICE.