Movement Alert|GIGADEVICE Rises 3.47% in Regular Trading, JPMorgan Sees Storage Upcycle Potentially Extending Through End of 2028

Market Focus
Aug 12

On August 12, GIGADEVICE rose 3.47% in regular trading, trading at HKD 503.5/share, with turnover of HKD 273 million.

On the news front, JPMorgan released its latest research indicating that the current storage upcycle may persist through the end of 2028, far exceeding the duration of typical storage cycles over the past two decades. The firm projects global DRAM bit demand to grow approximately 30%, 31%, and 25% over the next three years, while supply growth is estimated at only 26.5%, 24.4%, and 24.8% respectively, suggesting a widening supply-demand gap.

Additionally, GIGADEVICE recently announced its wholly-owned subsidiary will invest USD 100 million to subscribe for a 25% interest in Yunfeng Investment V, L.P., a USD 400 million fund focused on technology companies with Asia expansion potential, aiming to strengthen the company's global strategic positioning. The company is scheduled to review its interim results on August 18.

(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.)

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