HK Stock Market Move | GigaDevice Semiconductor Inc. (03986) rose more than 4%, storage giant SanDisk's second-quarter performance exceeded expectations.

GigaDevice Semiconductor Inc. (03986) rose more than 4%, with a 4.04% increase as of the time of writing, reaching 345.2 Hong Kong dollars, with a turnover of 294 million Hong Kong dollars. On the news front, after the U.S. stock market closed on Thursday, SanDisk announced its second quarter financial report for the 2026 fiscal year, showing performance and guidance exceeded market expectations. This highlights the strong demand for storage chips in the field of artificial intelligence, with SanDisk's stock price surging in after-hours trading. As of the time of writing, it rose over 21% to a new high in night trading. It is worth noting that as the trend of rising chip prices intensifies, many major storage chip manufacturers including Micron, Samsung, and Western Digital have recently announced impressive financial reports. Huajin Securities recently pointed out in a research report that the storage cycle is steadily rising, and considering GigaDevice Semiconductor Inc.'s continuous advancement in storage chip process/ category iteration, Nor is expected to maintain its leading position. With the switch of DRAM head manufacturers' production capacity, the company may replicate the development path of Nor Flash and customized DRAM, opening up incremental space. In addition, with the continuous growth of MCU department stores and the development of sensor and analog businesses, the company's performance is expected to continue to grow in the context of smart consumer electronics/ automotive electronics/ industrial sectors.