🔴 GIGADEVICE is trading 4.2% down today on cornerstone investor unlocking and chip sector weakness

GIGADEVICE is trading 4.2% down at HK$575.00 as selling pressure persists following the recent unlocking of H-share cornerstone investors.

• The stock is currently approaching a 50% decline from its previous highs, driven by a significant supply overhang from the unlock event.
• Broader weakness in the semiconductor sector is compounding the drop, with chip indices under pressure as markets reassess industry valuations and capital spending.