On August 13, GIGADEVICE rose 3.88% in regular trading, trading at 534.5 HKD/share, with turnover of approximately 81.76 million HKD.

The rally was driven by multiple catalysts supporting the storage sector. JPMorgan's latest research indicates the current storage upcycle may extend through the end of 2028, with global DRAM bit demand projected to grow approximately 30%, 31%, and 25% over the next three years, while supply growth is estimated at only 26.5%, 24.4%, and 24.8% respectively, pointing to a persistently widening supply-demand gap. SK Hynix's expansion plans further bolstered sector sentiment.

On the fundamental side, the company's first-half net profit is expected to surge approximately 1,099% year-over-year, with NOR Flash products benefiting from strong downstream demand driven by edge AI, automotive electronics, and AI servers, resulting in both volume and price gains amid relatively tight industry supply.

Within the Semiconductors sector, peers also posted gains: MONTAGE TECH up 4.95%, ILUVATAR COREX up 3.98%, HUA HONG GRACE up 3.22%, SMIC up 1.85%, and BIREN TECH up 1.33%.

(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.)