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On July 2, memory chip concept stocks on the A-share market witnessed a broad-based decline, with industry leader GigaDevice tumbling to its daily limit. In response to the market turmoil, a representative from GigaDevice clarified that the company's production and operations are proceeding as usual. Given that it is currently the window period for the semi-annual report disclosure, the company is constrained from revealing further details. Meanwhile, on the news front, Meta has announced its intention to venture into the cloud infrastructure business, offering AI computing power and model access rights to external customers. This development has sparked market concerns over a possible downturn in memory chip demand, precipitating a sharp decline in related concept stocks.
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