Svmuu News: GigaDevice issued an announcement regarding unusual trading activity, stating that the cumulative deviation in the daily closing price of the company’s stock reached 73.42% over 10 consecutive trading days from June 15, 2026, to June 29, 2026, and the cumulative deviation in daily closing price increases over 30 consecutive trading days from May 18, 2026, to June 29, 2026, reached 125.60%.
The storage products currently operated by the Company are niche storage products, meaning they primarily serve a broad and fragmented downstream market beyond mobile phones, PCs, and servers, such as the consumer, industrial, networking, and automotive sectors. The current price increases for these products stem primarily from the significant rise in AI-driven demand in the mainstream storage market, which has prompted major international storage manufacturers to shift their business focus to these product areas; the niche storage market benefits mainly indirectly from supply shortages.
Unlike the mainstream storage market, total downstream demand in the niche storage market remains relatively stable. As industry prices have risen rapidly, downstream demand has already been curbed to some extent. Subsequently, as production capacity in the niche storage market increases marginally, prices are expected to decline significantly. (Jin Shi)