Memory Chipmakers Rally as Analysts Grow Confident on Rebound
- Mizuho sees ‘once in a 4 year opportunity’ to buy cycle bottom
- Micron and Western Digital were both upgraded by Susquehanna
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Semiconductor companies that focus on memory-related chips rallied on Monday, as optimism continued that the product category was poised for a rebound.
“We believe we are just now entering another recovery cycle, and see more upside as DRAM price recovery begins in earnest,” wrote Charles Park, an analyst at Mizuho Securities who was referring to one of the two major types of memory chips, along with NAND products.