Semiconductor Stocks Plummet, Cautious Optimism
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DRAM marketInvesting.com
•Citi is doubling down on this chip stock, urges investors to buy the dip
87% Informative
Semiconductor stocks fell sharply in recent days , pressured by a combination of macroeconomic headwinds and disappointing earnings results.
Citi ’s semiconductor analysts recently revised his 2024 DRAM pricing forecast from a 53% year-over-year increase to 62% due to limited supply growth and memory makers’ capacity allocation to high-bandwidth memory ( HBM ) Despite weaknesses in the automotive and industrial end markets, demand trends from the three largest end markets PCs, handsets, and servers are healthy.
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