GIGADEVICE's stock plummeted 5.45% during morning trading on Tuesday.
The decline comes amid a noticeable softening in spot prices for DDR5 memory modules since last week, with significant price reductions ranging from RMB 500 to RMB 1,050. Some merchants have reportedly cleared inventory at discounted "fire-sale" prices, indicating nervousness among distributors.
Market reports suggest weak consumer demand has contributed to the price corrections, as many individual consumers have held back on purchases following last year's memory price surge, opting for lower-capacity memory or turning to the second-hand market instead.
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