Stock Track | GIGADEVICE Soars 6.02% on Memory Chip Rally Boosted by Strong Tech Earnings and Bullish Storage Outlook

Stock Track

Aug 12

GIGADEVICE (03986) shares surged 6.02% in intraday trading on Wednesday, joining a broad rally across memory chip stocks. The stock was propelled by a wave of positive sentiment sweeping the sector.

The sector-wide boost came after strong earnings reports from Super Micro Computer and CoreWeave, which lifted market sentiment for technology and memory-related companies. Additionally, JPMorgan released a bullish research note forecasting that the current storage upcycle could extend through the end of 2028. The firm projects a widening supply-demand gap, with global DRAM bit demand growing approximately 30% next year while supply growth is estimated at only 26.5%, signaling a favorable environment for memory chip makers like GIGADEVICE.

Separately, GIGADEVICE recently announced its wholly-owned subsidiary will invest USD 100 million for a 25% stake in Yunfeng Investment V, L.P., a fund focused on technology companies with Asia expansion potential, aiming to strengthen its global strategic positioning.

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The stock was propelled by a wave of positive sentiment sweeping the sector.</p>\n        <p>The sector-wide boost came after strong earnings reports from Super Micro Computer and CoreWeave, which lifted market sentiment for technology and memory-related companies. Additionally, JPMorgan released a bullish research note forecasting that the current storage upcycle could extend through the end of 2028. The firm projects a widening supply-demand gap, with global DRAM bit demand growing approximately 30% next year while supply growth is estimated at only 26.5%, signaling a favorable environment for memory chip makers like GIGADEVICE.</p>\n        <p>Separately, GIGADEVICE recently announced its wholly-owned subsidiary will invest USD 100 million for a 25% stake in Yunfeng Investment V, L.P., a fund focused on technology companies with Asia expansion potential, aiming to strengthen its global strategic positioning.</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":"1173157784","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1173157784","pubTimestamp":1786505666,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"GIGADEVICE (03986) shares surged 6.02% in intraday trading on Wednesday, joining a broad rally across memory chip stocks. 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