🔴 GIGADEVICE is trading 4.9% down today on profit-taking after forecasting a 1,099% surge in H1 profit

GIGADEVICE is trading 4.9% down at HK$894.00 as investors lock in gains following an explosive H1 2026 earnings outlook and a sharp rally earlier this week.

• The company issued a profit alert forecasting first-half net profit of approximately RMB 6.9 billion, a 1,099% year-over-year jump fueled by stronger memory pricing, higher volumes, and robust MCU sales.
• Analysts view the current pullback as post-news profit-taking amid broader volatility in AI-linked semiconductor names, rather than a shift in company fundamentals.