Movement Alert|GIGADEVICE Rises 4.33% in Regular Trading, Apple Accepts Samsung Memory Price Hike Boosting Storage Chip Sector

Market Focus09-18 09:33

On September 18, GIGADEVICE rose 4.33% in regular trading, trading at HKD 490.0/share, with turnover of HKD 136 million. The broader semiconductor sector traded higher, with ILUVATAR COREX up 5.18%, MONTAGE TECH up 4.26%, and HUA HONG GRACE up 3.27%.

On the news front, Apple has accepted Samsung Electronics' memory chip pricing for Q1 next year, with DRAM approaching USD 2.0/Gb and NAND flash approaching USD 0.33/Gb, representing a 30% to 40% increase over Q3 quotes. Additionally, TrendForce reported that NOR Flash high-capacity products are expected to see further price increases of 90% to 110% in the second half of the year, as AI server per-unit demand is three to five times that of traditional servers, widening the supply-demand gap. GIGADEVICE, as a core NOR Flash supplier and niche DRAM manufacturer, stands to directly benefit from the storage chip volume-and-price uptrend. Huatai Securities has maintained a Buy rating on the company.

(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.

Comments

We need your insight to fill this gap
Leave a comment