Overnight US stocks | GigaDevice Semiconductor Inc. (03986) rose more than 6%, the storage sector exploded, strong demand for memory expected to continue into next year.

10:14 12/02/2026

Midea Group (03986) rose more than 6%, as of the time of reporting, it rose 6.01%, to 313.8 Hong Kong dollars, with a turnover of 1.9 billion Hong Kong dollars.

GigaDevice Semiconductor Inc. (03986) rose more than 6%, reaching a 6.01% increase to 313.8 Hong Kong dollars at the time of publication, with a trading volume of 1.9 billion Hong Kong dollars. On the news front, the overnight US stock storage sector surged, with SanDisk up 10.65% and Micron Technology up 9.94%. Previously, Morgan Stanley raised Micron's target price to $450. It is worth mentioning that the Chief Technology Officer of Samsung Electronics stated that the company expects strong demand for memory chips to not only continue throughout this year, but also into next year, as artificial intelligence is driving robust demand. A recent research report from Tianfeng pointed out that GigaDevice Semiconductor Inc. is a platform-type chip design company in the three-fold resonance of "AI+ domestic substitution + storage cycle uptrend". The bank expects the company's revenue to reach 9.203/11.386/13.878 billion yuan in 2025-2027, with net profit attributable to shareholders estimated to reach 1.610/2.589/2.769 billion yuan. The bank believes that GigaDevice Semiconductor Inc. has ample growth momentum and strong performance resilience in the forecast period.

Elite Color Environmental Resources Science & Technology (002998.SZ) has obtained a notice granting invention patent rights.

HK Stock Market Move | CONANT OPTICAL (02276) rose more than 4% in the morning. Several leading technology companies are expected to mass produce a variety of AI glasses this year.

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Elite Color Environmental Resources Science & Technology (002998.SZ) has obtained a notice granting invention patent rights.

HK Stock Market Move | CONANT OPTICAL (02276) rose more than 4% in the morning. Several leading technology companies are expected to mass produce a variety of AI glasses this year.

A-share midday review | The index opened high and rose, with the ChiNext Index rising more than 1% in half a day! The small metal sector is booming again.