GigaDevice Semiconductor is trading 6.8% down at CNY 364.03 amid an ongoing selloff in semiconductor stocks tied to AI spending concerns and intensifying domestic competition.
- The stock fell approximately 10% in the prior session as investors exited positions in Chinese chipmakers due to worries over the sustainability of AI-related capital expenditure.
- Broader chip indices are also sharply lower following disappointing SK Hynix earnings and renewed fears regarding China’s technological progress in the semiconductor sector.