On September 4, GIGADEVICE fell 3.13% in regular trading, trading at 452.0 HKD/share, with turnover of approximately HKD 688 million. The decline came amid a broad semiconductor sector selloff.

On the news front, the semiconductor sector experienced widespread weakness, with peers HUA HONG GRACE dropping 9.52%, SMIC falling 2.35%, and ILUVATAR COREX declining 4.08%, reflecting sector-wide selling pressure. Although GIGADEVICE has been actively executing a large-scale buyback program — having cumulatively repurchased 1.6623 million A-shares for approximately RMB 654 million as of August 31, with a total buyback ceiling of RMB 2 billion — and reported explosive first-half results with net profit surging 1,091.5% year-over-year, the market remains divided on the sustainability of the storage chip upcycle. Main capital has continued to register net outflows in recent sessions, amplifying short-term profit-taking pressure on the stock, which has now retreated over multiple consecutive trading days.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)