Movement Alert|GigaDevice Falls 4.56% in Regular Trading, Global Chip Selloff Extends as Broadcom AI Revenue Guidance Disappoints

Market Focus
Jun 08

On June 8, GigaDevice (03986.HK) fell 4.56% in regular trading, trading at 682.0 HKD/share, with trading volume of HKD 162 million.

On the news front, the semiconductor sector extended its decline from the prior week, as Broadcom plunged over 12% after reporting AI chip revenue guidance that missed market expectations. The Philadelphia Semiconductor Index dropped over 5%, triggering a global chip stock selloff that continued to spread into Asian markets. Last Friday, Hong Kong-listed storage and chip stocks had already suffered a broad rout, with GigaDevice falling over 6% intraday. Selling pressure remained unabated at the start of this week.

Within the Semiconductors sector, peers declined broadly: HUA HONG SEMI fell 6.88%, MONTAGE TECH fell 4.5%, SMIC fell 4.1%, while ILUVATAR COREX rose 5.85% and BIREN TECH gained 2.69%.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10