1. What Happened? : MDvice Stock Surge and Regulatory Inquiry
MDvice’s stock price experienced a rapid surge in September 2025. The Korea Exchange requested information regarding this surge but received a response of ‘No important information to disclose’.
2. Why the Surge? : Background and Analysis
- Solid Fundamentals: Positive performance in the first half of 2025, with 132% sales growth and return to profitability.
- Growth of AI and Data Center Market: Increased expectations for demand for MDvice’s main product, SSDs.
- Entry into the AVP Business: Positive assessment of investment in next-generation technology.
- Supply and Demand Factors: Influx of foreign investors.
3. What’s Next? : Future Outlook and Investment Strategy
There is a possibility of short-term stock price adjustments following the regulatory inquiry response. However, MDvice’s growth potential remains. Investors should carefully monitor the following:
- Financial soundness: High debt ratio and inventory management.
- Customer diversification: Efforts to reduce reliance on a specific customer (Chinese company H).
- AVP business performance: Concrete progress of the business.
4. Investor Action Plan : Key Checkpoints
The investment opinion is ‘Neutral’. Rather than aggressive investment, a prudent approach is recommended, while continuously monitoring the following key checkpoints:
- Q3 earnings announcement
- Changes in sales proportion to Chinese company H
- AVP business contracts and performance
- Trends in debt ratio and inventory
- Impact of exchange rate and interest rate fluctuations
- Trading trends of foreign and institutional investors