GIGADEVICE's stock soared 11.46% during intraday trading on Wednesday, reflecting strong investor sentiment.
The surge follows the company's issuance of a performance forecast for 2025, anticipating approximately 25% year-on-year revenue growth to RMB 9.2 billion and a roughly 46% surge in net profit to about RMB 1.61 billion. The company attributes this growth to significantly increased demand driven by accelerated AI computing power construction, benefiting its products in the PC, server, and automotive electronics sectors.
Additionally, the memory industry cycle is steadily improving with optimized supply-demand dynamics driving both price and volume higher. Analysts note that global memory supply remains tight, with price increases in Q1 2026 exceeding expectations due to AI demand outpacing capacity expansion and downstream factors like panic stockpiling.
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