Shares of memory chip companies like SK Hynix, Micron, and Western Digital dropped significantly despite JPMorgan's Overweight rating and high price target for SK Hynix. The selloff is driven by rising Treasury yields nearing 4.91% and oil prices surpassing $100 per barrel due to Middle East tensions, overshadowing positive earnings reports and growth outlooks in the memory sector. Investors are now focused on upcoming U.S. consumer price data and the Federal Reserve meeting, which could influence interest rates and market sentiment further. The current decline is seen as a temporary reversal within an overall uptrend supported by strong demand for memory in AI and data centers.
Top chip analyst Paul Meeks warns memory chip prices will remain high for years, impacting even Apple despite its strong product cycles. Apple faces rising costs that hurt its margins, while suppliers like Micron benefit from tight supply and strong ...
Memory chip stocks including SK Hynix, Micron, and SanDisk rose after Goldman Sachs turned bullish, suggesting the worst of the sector's downturn might be behind. The rally comes amid improved technical signals, lighter hedge fund positioning, and ex...
SK hynix is rated Strong Buy compared to Micron's Buy rating because of its dominant 50% share in the HBM memory market and early mass production of HBM4. The company benefits from a supply shortage expected to last until 2030, supporting strong pric...
SK Hynix shares rose 7% due to AI data centers pulling memory capacity away from smartphones, boosting demand for high-bandwidth memory chips. Apple stock fell 1% as rising memory costs pressure its margins, with Apple highlighting limited supplier o...
