On September 25, GIGADEVICE fell 3.15% in regular trading, trading at 474.2 HKD/share with turnover of approximately 8.85 million HKD, extending the prior session's decline. The drop was driven by a confluence of bearish catalysts hitting the memory chip sector.

On the news front, renowned investor Michael Burry disclosed he has significantly increased his short position against Micron Technology, describing the trade as \"quite large\" and warning that a storage cycle reversal could trigger \"violent selling.\" Separately, Acer CEO Jason Chen cautioned that rising memory chip output from mainland China could ease supply constraints and exert downward pressure on pricing, with effects expected to become more pronounced around late next year. Meanwhile, hawkish signals from Federal Reserve governors, compounded by heavy selling in U.S. Treasuries, continued to weigh broadly on technology stocks.

The semiconductor sector where GIGADEVICE belongs saw broad weakness. Among peers, SMIC fell 2.04%, MONTAGE TECH fell 1.92%, HUA HONG GRACE fell 2.17%, BIREN TECH fell 5.70%, and INNOSCIENCE fell 2.61%. On September 24, A-share data showed net institutional outflows of 1.532 billion yuan from GIGADEVICE, accounting for 17.47% of total turnover.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)