Latest PC, Chips And Memory Data Worries Analyst, Who Jumps Ship On Two Stocks
Mizuho analyst Vijay Rakesh downgraded Micron Technology, Inc (NASDAQ: MU ) to Neutral from Buy with a price target of $56, down from $75. Rakesh downgraded Western Digital Corp (NASDAQ: WDC ) to Neutral from Buy with a price target of $40, down from $62. Recent checks show "steepening" DRAM and NAND memory price declines into the December quarter and first half of 2023. He acknowledged increasing NAND headwinds, with YMTC gaining share and adding significant capacity, potentially ramping into iPhone14 and a major supplier to Oppo, China handset OEMs. Rakesh also accepted increasing DRAM headwinds, with weaker DDR5 … Full story available on Benzinga.com
Latest PC, Chips And Memory Data Worries Analyst, Who Jumps Ship On Two Stocks
Mizuho analyst Vijay Rakesh downgraded Micron Technology, Inc (NASDAQ: MU ) to Neutral from Buy with a price target of $56, down from $75. Rakesh downgraded Western Digital Corp (NASDAQ: WDC ) to Neutral from Buy with a price target of $40, down from $62. Recent checks show "steepening" DRAM and NAND memory price declines into the December quarter and first half of 2023. He acknowledged increasing NAND headwinds, with YMTC gaining share and adding significant capacity, potentially ramping into iPhone14 and a major supplier to Oppo, China handset OEMs. Rakesh also accepted increasing DRAM headwinds, with weaker DDR5 … Full story available on Benzinga.com