Stock Track | GIGADEVICE Soars 9.70% Intraday on Samsung DRAM Price Hike Forecast and Memory Chip Shortage Outlook

Stock Track
Apr 14

GIGADEVICE's stock price surged 9.70% during Tuesday's intraday trading session, leading gains among memory-related stocks in the Hong Kong market.

The rally is primarily driven by positive industry news regarding memory chip pricing. Reports indicate that Samsung Electronics, after implementing a 100% DRAM contract price increase in the first quarter, is expected to raise second-quarter contract prices by another 30% quarter-over-quarter. Samsung has confirmed completing new price negotiations with major global clients, with the increases now fully implemented.

Market research firm TrendForce projects that memory prices will continue their upward trajectory in the second quarter, with general-purpose DRAM contract prices expected to rise 58-63% and NAND Flash contract prices anticipated to increase 70-75% quarter-over-quarter. Industry analysts widely predict that the current memory chip shortage could persist through the end of 2027, supporting the bullish sentiment toward memory semiconductor companies like GIGADEVICE.

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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10