On September 7, GIGADEVICE rose 3.49% in regular trading, trading at 481.0 HKD/share, with turnover of HKD 126 million. The rally came amid a broad-based surge in storage concept stocks, as the global niche memory chip supply-demand balance tightened further.

On the news front, major overseas memory manufacturers continue to reallocate mature-node capacity toward high-end products such as HBM and DDR5, widening the spot supply gap for NOR Flash, SLC NAND, and niche DRAM. The company previously stated at its earnings briefing that DRAM prices are expected to continue rising moderately in H2, while the SLC NAND Flash upcycle is projected to last through at least the full year, with tight supply conditions unlikely to ease in the near term. The company reported H1 net profit attributable to shareholders surging 1,091.5% year-over-year, driven by volume and price gains across its storage business. Meanwhile, the company has been actively executing its buyback program, having repurchased a cumulative 1.6623 million shares for approximately RMB 654 million as of August 31. Sector peers also advanced, with MONTAGE TECH up 4.66% and SMIC up 1.56%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)