---
symbol: "GIGADEV"
name: "GigaDevice"
date: 2026-10-29
change_pct: -2.787027322902874
direction: "down"
event_type: "theme_sympathy"
url: "https://perplo.app/why/GIGADEV/2026-10-29"
updated_at: 2026-10-29T11:07:12.034Z
---

# Why GigaDevice (GIGADEV) fell 2.79% on October 29, 2026

GigaDevice (GIGADEV) fell 2.79% on October 29, 2026 — Alphabet's lighter capex revives AI spending fears.

## What happened

GigaDevice fell 2.8% with the AI Memory selloff, which followed Alphabet's results and lighter capex that revived fears about the pace of AI spending.

## Why it moved

Alphabet's lighter capex read-through hit the AI supply chain broadly, so memory names repriced lower on the implication that AI server demand could slow; GigaDevice, as a memory-adjacent chipmaker, moved down with the…

## Why it matters

GigaDevice belongs to the AI Memory theme, where AI servers have been pulling HBM and DRAM supply and lifting memory prices; the Alphabet reaction shows how sensitive that thesis is to hyperscaler spending signals.

## What would break the thesis

If Amazon and other hyperscalers confirm strong AI capex, the group should recover; a clear slowdown in hyperscaler spending or a fall in memory pricing would validate the selloff.

## Sources

- [US futures tumble as Alphabet earnings revive AI spending fears, Amazon is next in the firing line](https://investinglive.com/stocks/us-futures-tumble-as-alphabet-earnings-revive-ai-spending-fears-amazon-is-next-in-the-firing-line/) — ForexLive

---

Trade GIGADEV perpetual futures 24/7 onchain: https://perplo.app/asset/GIGADEV