NOVOSENSE's stock soared 10.27% during intraday trading on Wednesday, driven by strong momentum in the semiconductor sector and industry-wide price increases.

The semiconductor sector continued its strong rally, with sector resonance effects propelling individual stocks higher. The ongoing semiconductor industry price hike wave has now spread into the power management IC segment, directly benefiting Novosense as a core player in power management chips.

Analysts expect that as AI server power requirements continue to increase, average selling prices for power supply-related analog chips will maintain an upward trajectory, with Novosense positioned to expand its AI power revenue exposure. Additionally, the company's shareholder meeting previously approved an H-share buyback authorization, widely interpreted as a signal of management confidence in the company's outlook, combined with Q1 revenue growth of 59.17% year-over-year.