HK Stock Market Move | GigaDevice Semiconductor Inc. (03986) rose nearly 6%, storage prices surged, institutions are optimistic about the company's strong growth momentum.
MegaChips (03986) rose nearly 6%, as of press time, up by 5.73%, at HKD 395, with a trading volume of HKD 4.11 billion.
GigaDevice Semiconductor Inc. (03986) rose nearly 6%, as of the time of writing, up 5.73% at 395 Hong Kong dollars with a trading volume of 4.11 billion Hong Kong dollars.
On the news front, it was reported earlier that in the first quarter, Samsung Electronics has raised the price of its DRAM by 100%, up from the initial 70% increase. Industry estimates suggest that SK Hynix and Micron Technology's price increases will be similar. Tianfeng previously pointed out that GigaDevice Semiconductor Inc. is a platform chip design company benefiting from the resonance of three favorable factors: "AI + domestic substitution + storage upswing." The firm believes that GigaDevice Semiconductor Inc. has strong growth momentum in the future forecast period and has resilient performance.
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