GigaDevice: As niche storage market capacity increases marginally, prices will see a significant decline

Odaily Planet Daily reports that GigaDevice has issued an announcement regarding share price fluctuations. The company's stock price saw a cumulative deviation of 73.42% in closing price increases over 10 consecutive trading days from June 15, 2026 to June 29, 2026, and a cumulative deviation of 125.60% over 30 consecutive trading days from May 18, 2026 to June 29, 2026.

The storage products currently operated by the company belong to the niche storage category, primarily serving downstream markets that are broad and decentralized, excluding mobile phones, PCs, and servers, such as consumer electronics, industrial, networking, and automotive sectors. The current price increase of related products is mainly driven by the significant surge in AI-related demand in the mainstream storage market, prompting international storage giants to shift their operational focus to related product areas. The niche storage market benefits indirectly, mainly from supply tightness.

Unlike the mainstream storage market, the total downstream demand in the niche storage market is relatively stable. As industry prices rise rapidly, downstream demand has been somewhat suppressed. Subsequently, as capacity in the niche storage market marginally increases, prices will experience a considerable decline. (Jin Shi)