On June 15, GigaDevice rose 3.83% in regular trading, trading at 691.5 HKD/share, with turnover of 478 million HKD.

The move was driven by a broad semiconductor sector rally combined with the company's imminent inclusion in the FTSE 50 Index on June 18, which is expected to bring incremental passive fund inflows. Global storage chip supply-demand dynamics remain tight, with cloud service providers having fully booked all available 2027 long-term agreement capacity and actively advancing 2028 supply negotiations. Upstream capacity has been substantially redirected toward AI server and cloud infrastructure demand, creating structural supply constraints in traditional business segments.

Fundamentally, GigaDevice reported Q1 net profit growth of 522.79% year-over-year, with revenue nearly doubling and operating cash flow surging 430%. The company also launched a new optical module MCU product targeting AI computing infrastructure, further expanding its product matrix. Within the Semiconductors sector, SMIC rose 6.63%, HUA HONG SEMI rose 10.42%, MONTAGE TECH rose 5.13%, INNOSCIENCE rose 11.79%, and ILUVATAR COREX rose 5.49%.

(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.)