MS Hwang: The fundamentals of storage chips are stable, and a stock price correction does not represent a market shift

According to MS Hwang, Director of Counterpoint Research, the recent stock price correction of storage chip manufacturers does not indicate a fundamental shift in the storage chip market. Samsung Electronics fell 6.9% on Tuesday, while SK Hynix fell 6.1%. Samsung expects record breaking performance driven by strong demand. The recent strike actions and political discussions surrounding profit sharing may raise concerns about future shareholder returns. According to Counterpoint's July storage chip price tracking report, DRAM prices are expected to rise by 10% -20% in the third quarter, higher than the initial forecast of 5% -10%.