On July 9, GigaDevice Innovation (03986.HK) rose 6.54% in regular trading, trading at HKD 842.0/share with turnover of HKD 356 million, extending its rebound from the previous session.

On the news front, Apple is reportedly testing memory chips from ChangXin Memory Technologies (CXMT), which the market interprets as a positive signal that domestic storage products are gaining validation from top-tier global clients. Analysts have also noted that the recent consecutive sell-off in the storage sector was not driven by fundamental deterioration. Additionally, the overnight Philadelphia Semiconductor Index surged over 3.5%, while Goldman Sachs projected AI capital expenditure could reach USD 7.6 trillion over the next six years, providing support for computing demand prospects.

Within the Semiconductor sector, peers showed mixed performance: Montage Technology up 7.16%, SMIC up 2.44%, Biren Tech up 0.42%, Hua Hong Grace up 0.21%, and Iluvatar CoreX down 0.09%. The sector overall exhibits an oversold recovery pattern following the prior week's sharp correction.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)