$SPCXB
#BTCReaches$80000 #BitcoinOpenInterestFallsToTwoMonthLow #BitcoinRises23.6%Weekly #AIHardwareStocksFallPreMarketAAOIDown11.66% #EtherETFsPost$697MWeeklyInflow An analyst describes the decline in MU and SNDK shares
Before the market due to a report that CXMT and Apple stated
was exaggerated
Shares of Micron Technology (NASDAQ: MU) and SanDisk (NASDAQ: SNDK) fell in pre-market trading on Monday, after reports published over the weekend suggested that the Trump administration may allow Apple to obtain DRAM memory from the Chinese company CXMT and NAND flash memory from YMTC. Micron stock fell 3%, while SanDisk shares dropped 5%.
At least one analyst believes this response is misguided. KC Rajkumar of Lynx Equity Research published a note on Monday morning in which he described the selloff in MU and SNDK as “overdone,” arguing that supply constraints and qualification gaps make the Chinese memory threat to Apple far smaller than headlines suggest. Micron Technology (NASDAQ: MU), as the leading U.S. supplier of high-density lpDDR5x DRAM chips that Apple needs for iPhones and Macs, is the most direct investment vehicle for any shift in Apple’s memory sourcing strategy.
#BTCReaches$80000 #BitcoinOpenInterestFallsToTwoMonthLow #BitcoinRises23.6%Weekly #AIHardwareStocksFallPreMarketAAOIDown11.66% #EtherETFsPost$697MWeeklyInflow An analyst describes the decline in MU and SNDK shares
Before the market due to a report that CXMT and Apple stated
was exaggerated
Shares of Micron Technology (NASDAQ: MU) and SanDisk (NASDAQ: SNDK) fell in pre-market trading on Monday, after reports published over the weekend suggested that the Trump administration may allow Apple to obtain DRAM memory from the Chinese company CXMT and NAND flash memory from YMTC. Micron stock fell 3%, while SanDisk shares dropped 5%.
At least one analyst believes this response is misguided. KC Rajkumar of Lynx Equity Research published a note on Monday morning in which he described the selloff in MU and SNDK as “overdone,” arguing that supply constraints and qualification gaps make the Chinese memory threat to Apple far smaller than headlines suggest. Micron Technology (NASDAQ: MU), as the leading U.S. supplier of high-density lpDDR5x DRAM chips that Apple needs for iPhones and Macs, is the most direct investment vehicle for any shift in Apple’s memory sourcing strategy.
