On September 23, GIGADEVICE rose 3.1% in regular trading, trading at HK$530.0 per share, with turnover of HK$307 million. The rally was driven by continued optimism in the storage chip sector following UBS's latest projections on memory's expanding role in global AI capital expenditure.

According to UBS's latest estimates, global AI capex totals US$998 billion this year, nearly double last year's figure, and is projected to grow further to US$1.447 trillion next year. More critically, memory's share of total global AI capex is expected to surge from 14% last year to 37% this year, reaching 64% next year, underscoring a dramatic elevation of storage chips' strategic importance within the AI supply chain. This catalyst has supported the broader storage sector over multiple sessions.

Fundamentally, GIGADEVICE reported robust H1 results, with revenue of RMB 11.566 billion, up 178.67% year-over-year, and net profit of RMB 6.857 billion, surging 1,091.50%. The company has also been actively repurchasing shares, with cumulative buybacks reinforcing market confidence.

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