NANO - NAND And DRAM Oversupply And Morgan Stanley's Downgrade Of Applied Materials
Korean memory maker SK Hynix’ (HXSCL) shares fell more than 4% on August 6 after Shawn Kim, an analyst at Morgan Stanley, decreased SK Hynix’ target stock prices for increased supply of server DRAMs in the fourth quarter, sluggish growth of DRAMs, and the beginning of an oversupply of NAND chips. He noted:
“As the price of DRAMs will slightly increase in the third quarter, SK Hynix will make short-term profits exceptionally. However, the DRAM cycle will be balanced in the fourth quarter. With an overall downward tendency in the NAND sector,