On June 2, Silicon Motion rose 5.58% in regular trading, trading at approximately 288.285 USD/share, with trading volume of 120 million USD. The rally was driven by the company's announcement that it will showcase its latest optimized storage innovations at COMPUTEX 2026, targeting edge AI, physical AI, and AI factory applications.

The exhibition will span five major product lines: edge SSD controllers, embedded UFS and eMMC controllers, enterprise-grade SSD controllers, enterprise boot drives, and automotive Ferri solutions, covering critical scenarios including AI PCs, data centers, and intelligent vehicles. This broad product portfolio demonstration highlights the company's deepening commitment to AI-driven storage demand across multiple verticals.

On the fundamental side, Silicon Motion delivered a strong Q1 with earnings that significantly exceeded expectations, profits doubling year-over-year, and management raising forward guidance. The company has indicated that global storage chip supply constraints driven by the AI wave are expected to persist through 2030, underpinning a robust long-term demand thesis. Within the Semiconductors sector, Marvell Technology surged 25.02%, Broadcom gained 4.31%, and NVIDIA rose 1.87%, reflecting broad sector strength.

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