1. What Happened? MDvice’s Overheated Stock Designation

On September 17, 2025, MDvice (226590) was designated as an overheated stock by the Korea Exchange. This means single-price trading will be applied for three trading days to prevent speculative overheating and stabilize the market.

2. Why did this happen? Analyzing the Causes of the Surge

MDvice’s stock price surged from September 12 to 15, showing high volatility in a short period. This rapid increase caused excessive speculation and market instability, leading to the Exchange’s designation.

3. Is MDvice’s Fundamentals Sound?

MDvice recorded an 84.5% increase in sales in the first half of 2025, showing solid performance improvement. They are actively investing in future growth engines such as AI, big data, and 5G. However, factors like high inventory levels, auditor changes, and past sanctions pose risks.

4. What’s the Market Situation?

The growth of the SSD market is positive, but intensifying competition in the semiconductor market requires continuous monitoring. The rising exchange rate could benefit MDvice as an exporter, and the trend of interest rate freezes or cuts could improve the investment environment.

5. What Should Investors Do?

  • Current Investors: Be aware of potential short-term price adjustments and closely monitor the company’s fundamentals and market conditions. Holding onto the stock is a viable strategy if you believe in its long-term growth potential.
  • Potential Investors: It’s advisable to re-evaluate the market situation and company fundamentals after the overheated stock designation is lifted before making investment decisions. Thoroughly checking the progress of the AVP business and hybrid bonding technology development is crucial.