🔴 GIGADEVICE is trading 4.5% down today amid a sector-wide pullback in Chinese chip stocks

GIGADEVICE is trading 4.5% down at HK$430.80 following a sector-wide pullback in Chinese semiconductor and AI hardware stocks.

• The decline follows a sharper 10.6% drop on July 28, 2026, driven by profit-taking and a shift toward risk-off sentiment in the domestic chip space.
• Market participants are reassessing AI-related spending levels while facing increased competition from other domestic chipmakers.