GIGADEVICE Shares Surge Over 8% as AI Fuels Strong Memory Demand; Supply Shortage Forecasted to Persist

Stock News11:44

GIGADEVICE (03986) saw its shares rise more than 8%. At the time of writing, the stock was up 7.25%, trading at HK$390.4 with a turnover of HK$367 million. Market research firm Counterpoint Research reported that due to ongoing supply-demand imbalances, global DRAM and NAND flash memory prices surged significantly around the Lunar New Year, with multiple product prices increasing by over 130% month-on-month. The institution predicts that the supply shortage will persist at least until the second half of 2027. Central China Securities noted that AI is driving robust demand for memory, sustaining an upward cycle in the memory sector. Demand from AI and domestic substitution is expected to significantly benefit domestic memory manufacturers, highlighting investment opportunities in domestic memory module and chip producers.

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