On September 22, GIGADEVICE rose 3.12% in regular trading, trading at HK$530.0/share, with turnover of HK$384 million. The stock advanced alongside a broad rally in Hong Kong-listed storage concept names, driven by a bullish UBS research note on memory demand within global AI infrastructure spending.

According to UBS's latest estimates, global AI capital expenditure is projected to reach US$998 billion this year, nearly double the US$506 billion recorded in 2025, and is expected to further climb to US$1.447 trillion next year, representing a year-over-year increase of approximately 45%. Critically, memory's share of total AI capex is forecast to surge from just 14% in 2025 to 37% this year and 64% by 2027, underscoring accelerating demand for storage solutions in AI workloads.

Within the Semiconductors sector, peer stocks also traded higher, with MONTAGE TECH up 14.46%, ILUVATAR COREX up 5.70%, BIREN TECH up 2.54%, HUA HONG GRACE up 2.08%, and SMIC up 1.91%. GIGADEVICE, a leading designer of NOR Flash, niche DRAM, MCU, and analog chips, has been actively repurchasing shares in recent weeks, signaling management confidence in its long-term outlook.

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