On June 25, GigaDevice (03986.HK) rose 8.87% in regular trading, trading at HKD 1,110.00/share, with turnover of HKD 463 million.
On the news front, GigaDevice launched its new GD33AP236x series automotive-grade system base chips before market open, meeting AEC-Q100 Grade 1 standards for applications in body control and lighting systems. Simultaneously, the broader semiconductor sector experienced a broad rally, driven by sustained AI computing demand, accelerating domestic chip substitution, and approaching mid-year earnings windows.
The stock carries strong momentum from the prior session, when the A-share hit limit up fueled by a global partnership with Qt Group, storage chip price surges, and explosive Q1 results — revenue surged 119.38% YoY to RMB 4.188 billion, net profit soared 522.79% to RMB 1.461 billion, and gross margin hit a record 57.08%. Morgan Stanley noted storage supply shortages may persist through 2028, exceeding prior expectations. The stock was also recently included in the FTSE China A50 and FTSE China 50 indices, attracting passive fund inflows.
(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.)
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