On July 9, Novosense rose 5.3% in regular trading, trading at 193.5 HKD/share, with turnover of approximately 15.57 million HKD.
On the news front, the semiconductor sector staged a strong rebound, with Goldman Sachs releasing a management call note on Novosense highlighting accelerating expansion in AI server power semiconductors. The report noted that scaling revenue and product mix optimization are driving margin improvement. Novosense offers a complete solution covering drivers, isolation, sensing, power management, signal chain, and MCU for AI server power applications, with certain products already in mass shipment to domestic and international server power clients. Its high-voltage GaN driver chips for AI server power have achieved volume delivery, while mid-to-low voltage GaN co-packaged products have completed sampling with target customers.
Within the Semiconductor sector, SMIC rose 3.5%, Hua Hong Grace rose 1.72%, GigaDevice rose 11.33%, Iluvatar CoreX rose 5.27%, and Biren Tech rose 3.17%. Novosense had previously declined over 13% cumulatively across two trading days, and this rebound appears linked to oversold sector recovery combined with fundamental catalysts.
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