---
title: "GigaDevice shares plunge 10% on chip sector selloff"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291486277.md"
description: "GigaDevice (3986.HK) tumbled 10.19% to HK$1,081 amid semiconductor sector weakness and oversupply concerns."
datetime: "2026-07-02T02:40:32.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291486277.md)
  - [en](https://longbridge.com/en/news/291486277.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291486277.md)
generator: "portal-rs"
---

# GigaDevice shares plunge 10% on chip sector selloff

GigaDevice Innovation (3986.HK) **tumbled** **10%** during regular trading to **HK$1,081**. The semiconductor sector faced broad pressure as investors worry about peak capital spending by major tech firms on AI infrastructure, potentially leading to future oversupply in high-performance storage and computing chips. GigaDevice previously warned that pricing risks may arise as mainstream memory manufacturers re-enter niche storage markets. Morgan Stanley noted the warning reflects potential industry headwinds over the coming years, though tight supply-demand conditions persist for now.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**