GIGADEVICE (03986) rose more than 5%, and as of the time of writing, it was up 4.55% to HKD 243, with a turnover of HKD 98.6001 million. On the news front, the latest report from Counterpoint Research indicates that the memory market has entered a "super bull market" phase, with the current market conditions even surpassing the historical peak seen in 2018. Prices are expected to rise by another 40%–50% in Q1 2026. During an institutional survey conducted in the fourth quarter of 2025, GIGADEVICE stated that due to further positive changes on the demand side in 2025, overseas tech giants are driving AI infrastructure development, leading to a significant increase in storage demand fueled by computing power growth. Furthermore, the capacity requirements announced by these tech giants are even larger than the actual planned increases by major memory manufacturers. Against this backdrop, GIGADEVICE anticipates that the niche DRAM market will remain in a relatively tight supply environment for the next two years or so, with prices expected to climb further and maintain relatively favorable levels in 2026. The company stated that, looking ahead over the next five years, it aims to capture at least one-third of the domestic niche DRAM market, which is valued at USD 3 to 4 billion.
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