On June 16, GigaDevice rose 3.53% in regular trading, trading at 749.0 HKD/share, with turnover of HKD 182 million. The stock continued its upward momentum driven by multiple positive catalysts converging ahead of a key index event.

On the news front, GigaDevice is set to be officially included in the FTSE 50 Index on June 18, with passive allocation funds expected to generate incremental buying demand. Meanwhile, global memory chip supply-demand conditions remain tight, as cloud service providers have fully booked available long-term agreement capacity, with AI computing demand reshaping the storage industry landscape. The company reported Q1 net profit attributable to shareholders surging 522.79% year-over-year, while its recently launched optical module-dedicated MCU products further expand its AI computing product matrix.

The semiconductor sector showed broad strength, with peers including HUA HONG SEMI up 2.48%, DRINDA up 3.35%, and MONTAGE TECH up 1.61%.

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