Shares of GIGADEVICE (03986) fell sharply by 5.08% during the intraday session, in line with a broader decline across the chip sector.
The stock's drop coincided with reports of a significant plunge in memory module spot prices. Market analysts noted that spot traders have been actively liquidating inventory and taking profits, leading to increased selling pressure on lower-end DDR4 memory modules and depressing the channel market. Furthermore, market sentiment was negatively influenced by recent technological announcements from Nvidia and Google regarding storage architecture and AI memory compression, which sparked concerns about potential reductions in future memory demand for AI systems.
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