GIGADEVICE's stock price experienced a sharp decline of 20.63% during intraday trading on Friday, marking a significant downward movement for the semiconductor company.

The plunge occurred as part of a broader sell-off affecting major technology leaders, with key players across the AI industry chain experiencing declines during the session. GIGADEVICE saw its trading volume surpass 50 billion yuan, setting a new historical record for the stock, indicating heavy selling pressure. The downturn coincided with broader market weakness, particularly in technology-heavy indices that fell sharply in the afternoon session.