GIGADEVICE Shares Surge Nearly 6% on Soaring Memory Prices and Strong Growth Outlook

Stock News03-06

GIGADEVICE (03986) rose nearly 6%, climbing 5.73% to HKD 39.5 by the time of writing, with a trading volume of HKD 411 million. The surge follows reports indicating that Samsung Electronics has increased its first-quarter DRAM price hike from 70% to 100%. Industry experts anticipate similar price increases from SK Hynix and Micron Technology. Tianfeng Securities previously highlighted that GIGADEVICE is a platform-based chip design company benefiting from the convergence of three favorable trends: AI adoption, domestic substitution, and an upward cycle in the memory market. The firm believes GIGADEVICE possesses robust growth momentum and resilient earnings potential over the forecast period.

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