HK Stock Market Move | GigaDevice Semiconductor Inc. (03986) rose nearly 7%. The AI-driven storage market is experiencing high demand, and the shortage of storage may continue until 2027.

GigaDevice Semiconductor Inc. (03986) rose nearly 7%, and as of the time of writing, it is up 6.79%, priced at HK$491, with a transaction volume of HK$1.795 billion. On the news front, overnight, AI concept stocks in the U.S. experienced a collective surge, with the memory sector leading the gains. In addition to SK Hynix ADR soaring over 8%, SanDisk rose more than 10%, and Micron Technology was up over 7%. TrendForce analysts indicate that the supply-demand imbalance in DRAM is expected to continue until 2027, with price increases anticipated to extend into the second half of 2027. BOCOM INTL also believes that the overall memory market's supply-demand imbalance might persist until Q4 2027, and even if prices decline afterward, the changes are expected to be milder compared to previous declines. Furthermore, on August 4, GigaDevice Semiconductor Inc. announced a deep technical adaptation with Elektrobit, a global leader in embedded connectivity software products and solutions for the automotive sector. The two parties completed the adaptation verification of GigaDevice Semiconductor Inc.s GD32A7 series automotive-grade MCUs with the EB tresos Classic AUTOSAR solutions, jointly creating a standardized integrated vehicle development solution, enhancing the ecosystem of domestic automotive-grade chip supporting software, and promoting the accelerated development of the domestic automotive electronics industry.