On June 12, GigaDevice (03986.HK) rose 5.97% in regular trading, trading at HK$729.0/share, with turnover of HK$226 million. The broader semiconductor sector rallied sharply, with peers HUA HONG SEMI up 7.75%, MONTAGE TECH up 7.29%, and SMIC up 4.43%.

On the news front, the global AI semiconductor cycle continues to gain momentum. Morgan Stanley recently raised its full-year global semiconductor industry revenue forecast from $807 billion to $880 billion, maintaining overweight ratings on key memory stocks. During the recent Computex exhibition, NVIDIA unveiled multiple products including edge-side AI PC chips and rack-level AI computing solutions, signaling accelerating cloud AI infrastructure buildout. NVIDIA CEO Jensen Huang stated that AI industry fundamentals remain strong and short-term volatility will not alter long-term trends.

GigaDevice also recently announced a strategic partnership with NIO to jointly develop automotive-grade chips and next-generation electronic architectures, focusing on intelligent cockpit and autonomous driving applications, further expanding its growth trajectory in the automotive semiconductor segment.

(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.)