GigaDevice Semiconductor Class A stock eyes Monday open after 10% cap move as memory prices climb again
GigaDevice Semiconductor’s Class A shares hit the 10% daily limit in Shanghai Friday, closing at 280.46 yuan with volume at 55.3 million shares. The surge follows forecasts of a 40%–60% jump in memory-chip prices in Q1 amid tight supply. Traders await the next earnings report on March 31.