Stock Track | GigaDevice Soars 5.26% Intraday on Positive Profit Alert

Stock Track

07/10

GigaDevice's stock soared 5.26% during intraday trading on Friday.

The surge followed the company's announcement of a positive profit alert, projecting a net profit of approximately RMB 6.90 billion for the first half of 2026, representing a year-on-year jump of about 1,099%. The company attributed this sharp turnaround to robust demand and firmer pricing in the memory-chip market, solid shipment growth in micro-controller units across industrial, consumer, and automotive sectors, and non-recurring gains from securities investments.

This optimistic financial forecast has significantly boosted investor sentiment towards the stock.

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