On September 8, GIGADEVICE rose 3.64% in regular trading, trading at HK$509.5/share, with turnover of HK$515 million. The rally was driven by the latest industry data showing Q2 global DRAM market revenue reached US$147.024 billion, surging 55.9% quarter-over-quarter to a record high, with both volume and pricing momentum propelling original manufacturers' sales revenue sharply higher.

The favorable macro backdrop for storage chips is further reinforced by a structural supply-demand imbalance. Major overseas manufacturers continue shifting mature-node capacity toward high-end products such as HBM and DDR5, widening the supply gap for NOR Flash, SLC NAND, and niche DRAM. GIGADEVICE previously stated at its earnings briefing that DRAM prices are expected to continue rising moderately in H2, while the SLC NAND upcycle is projected to persist through at least the full year. The company reported H1 net profit attributable to shareholders surging 1,091.5% year-over-year, with storage business momentum sustained by volume and price gains. Additionally, the company has been actively repurchasing shares, having spent approximately RMB 654 million to buy back 1.6623 million A-shares as of August 31.

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