HK Stock Market Move | GigaDevice Semiconductor Inc. (03986) rose by more than 8% due to strong demand for AI-driven memory. Institutions predict that the shortage of memory supply will continue.
Megvii Technology (03986) rose more than 8%, as of the time of writing, it was up 7.25% to HKD 390.4, with a trading volume of HKD 3.67 billion.
GigaDevice Semiconductor Inc. (03986) rose more than 8%, reaching 7.25% at the time of writing, at HKD 390.4, with a turnover of HKD 3.67 billion.
On the news front, market research firm Counterpoint Research reported that global DRAM and NAND flash memory prices have risen sharply before and after the Lunar New Year due to continuing supply-demand imbalances, with prices of many products increasing by over 130% compared to the previous month. The institution predicts that the supply shortage situation will last at least until the second half of 2027. Central China believes that demand for AI-driven memory is strong, the memory cycle continues to rise, and AI and domestic replacement demand are expected to drive significant benefits for domestic memory manufacturers in line with industry trends. It is recommended to pay attention to investment opportunities in domestic memory modules and storage chip manufacturers.
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