Memory-related stocks showed notable activity against the broader market decline. As of writing, GIGADEVICE (03986) rose nearly 4% to HK$46.80, while the South Korea Double Long SK Hynix ETF (07709) gained 3.7% to HK$48.80. The momentum followed a strong performance by U.S. memory stocks on Monday, with SanDisk, Micron Technology, and Seagate Technology PLC all hitting new highs, extending a prolonged upward trend. According to market research firm Counterpoint Research, the DRAM market has achieved two consecutive quarters of 30% quarter-on-quarter growth, driven by rising memory prices. Wall Street research institution Melius Research believes the artificial intelligence boom will continue to drive memory demand growth through the end of the decade. Additionally, Industrial Securities noted that as AI training and inference rapidly increase computing power demands, data centers are experiencing fast-growing needs for HBM, high-capacity DDR5, and enterprise-grade SSDs, leading to sustained improvement in industry sentiment. With overseas players gradually exiting the niche memory market, persistent supply-demand tightness is pushing prices upward, positioning domestic niche memory companies to benefit significantly.
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