Movement Alert｜GigaDevice Rises 4.5% in Regular Trading, Storage Cycle Supply-Demand Gap Widens as Morgan Stanley Raises Target Price

Market Focus

Jun 03

On June 3, GigaDevice (03986.HK) rose 4.5% in regular trading, trading at 736.5 HKD/share, with trading volume of approximately 334 million HKD. The rally was driven by Morgan Stanley significantly raising its target price for GigaDevice from 348 RMB to 585 RMB.

The core logic behind the upgrade centers on the storage industry's supply-demand gap widening rather than narrowing in the second half — Micron's equipment relocation from Taiwan to the US is expected to reduce capacity over the next 2-4 quarters, while SK Hynix's Wuxi facility is further cutting DDR4 production. Meanwhile, data center demand continues to grow robustly, with Q3 DDR4 prices projected to rise by 20%.

Fundamentally, GigaDevice's Q1 earnings demonstrated explosive growth, with net profit surging 521.7% year-over-year and gross margin climbing to 57.1%, as the storage cycle's volume-price recovery continues to materialize. Within the Semiconductors sector, peers also traded higher, with SMIC up 3.29%, HUA HONG SEMI up 2.5%, MONTAGE TECH up 7.36%, and INNOSCIENCE up 6.76%.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The rally was driven by Morgan Stanley significantly raising its target price for GigaDevice from 348 RMB to 585 RMB.</p><p>The core logic behind the upgrade centers on the storage industry's supply-demand gap widening rather than narrowing in the second half — Micron's equipment relocation from Taiwan to the US is expected to reduce capacity over the next 2-4 quarters, while SK Hynix's Wuxi facility is further cutting DDR4 production. Meanwhile, data center demand continues to grow robustly, with Q3 DDR4 prices projected to rise by 20%.</p><p>Fundamentally, GigaDevice's Q1 earnings demonstrated explosive growth, with net profit surging 521.7% year-over-year and gross margin climbing to 57.1%, as the storage cycle's volume-price recovery continues to materialize. 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It does not constitute investment advice or a basis for trading decisions.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03986","symbol_name":"兆易创新","start_time":0,"source_url":"","article_id":"1143394148","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1143394148","pubTimestamp":1780451111,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On June 3, GigaDevice (03986.HK) rose 4.5% in regular trading, trading at 736.5 HKD/share, with trading volume of approximately 334 million HKD. 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Meanwhile, data center demand continues to grow robustly, with Q3 DDR4 prices projected to rise by 20%.Fundamentally, GigaDevice's Q1 earnings demonstrated explosive growth, with net profit surging 521.7% year-over-year and gross margin climbing to 57.1%, as the storage cycle's volume-price recovery continues to materialize. Within the Semiconductors sector, peers also traded higher, with SMIC up 3.29%, HUA HONG SEMI up 2.5%, MONTAGE TECH up 7.36%, and INNOSCIENCE up 6.76%.(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. 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