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 expectations of tight supply-demand conditions extending into 2027. However, caution remains as a major NAND supplier, Kioxia, warned against pushing prices too high, which could impact growth. Investors await Micron's fiscal Q4 earnings on September 30 to validate the bullish outlook and watch for potential volatility due to the cyclical nature of memory markets.
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...
