GigaDevice hit the daily limit-down, closing at 550.8 yuan, more than 30% below its June 30 level; market capitalization about 386.4 billion yuan. The broader memory-chip sector plunged, with multiple peer stocks also trading at limit-downs. A GigaDevice staffer said the recent share adjustment “is closely linked to overseas markets,” noting the decline is roughly in line with SK Hynix’s ~30% drop and that memory peers rose similarly during the prior rally. Asked about business worries, the staf

GigaDevice hit the daily limit-down, closing at 550.8 yuan, more than 30% below its June 30 level; market capitalization about 386.4 billion yuan. The broader memory-chip sector plunged, with multiple peer stocks also trading at limit-downs. A GigaDevice staffer said the recent share adjustment “is closely linked to overseas markets,” noting the decline is roughly in line with SK Hynix’s ~30% drop and that memory peers rose similarly during the prior rally. Asked about business worries, the staffer pointed to the company’s earnings guidance as the most persuasive evidence of fundamentals.