GIGADEVICE's stock price surged 5.00% during the intraday session, continuing its recent upward trajectory.
The rally is fueled by the ongoing memory chip super cycle, primarily driven by surging AI-driven storage demand. DRAM contract prices surged 90-95% quarter-over-quarter in the first quarter, with projections indicating a further 58-63% increase in the second quarter. AI servers require significantly more DRAM—3 to 5 times that of conventional servers—creating a substantial supply-demand gap exceeding 30%.
As the recognized leader in the A-share storage sector, GIGADEVICE derives a majority of its revenue from memory chips and is positioned to benefit directly from this industry-wide supply tightening and robust demand environment.
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