Faster global financial news!
Goldman Sachs has turned bullish on the memory chip sector. SK Hynix's U.S. shares surged 7% to a record high of $193.53 on Wednesday, with Micron, SanDisk, and others also strengthening across the board.
Goldman Sachs turned positive on the memory chip sector in its latest research report, stating that "the worst days are behind us," triggering a broad rally in memory stocks on Wednesday. SK Hynix's US-listed shares led the gains, hitting an all-time high intraday before closing up approximately 7% at $193.53. Micron Technology closed up about 2% at $1027.77, and SanDisk closed up about 1.51% at $1764.17. Goldman Sachs noted that Micron and SanDisk have broken through their summer downtrends, and hedge fund positioning remains low, leaving room for capital inflows. However, Kioxia CEO Hiroo Ota warned on the same day that NAND prices have risen sufficiently, and excessive chasing of prices could harm industry growth.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
Previous: Coinbase CEO Brian Armstrong: Neutral infrastructure for financial services, including trading, payments, lending, and capital formation, all work together.
|
Next: The Japanese Yen strengthened after US Treasury Secretary Scott Bessent warned against shorting the currency, but his expansion of US Treasury buybacks to $6 billion failed to prevent the 10-year US Treasury yield from rising to 4.836%, a new high since October 2023.
24H Trending
-
1
stated at the 35th annual CASPA conference held in the US on October 23rd that AI infrastructure investment is facing multiple challenges
-
2
UAE's oil supply rebounded to a record high of 5.3 million barrels per day (bpd) in September
-
3
TREAT Token: An Analysis of the Core Token in the Shiba Inu Ecosystem
-
4
UN and human rights organizations condemn Israeli evictions in Hebron, while Israeli ministers express support.
-
5
Bulgarians are voting in a presidential election today
-
6
Mishaboar posted on X, proposing several measures for the growth of the Dogecoin ecosystem
-
7
X100 Exploit Proceeds Split Into Four 400-ETH Wallets
-
8
A Review of Major Global Digital Currency Trading Platforms and Selection Considerations
-
9
Sri Lanka's real estate market is experiencing a luxury property boom
-
10
Tokio Marine to offer insurance for AI-enabled robots from next month, with premiums 20% higher than regular industrial counterparts
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
