Counterpoint: Despite Recent Stock Price Corrections, Memory Chip Fundamentals Remain Solid

BlockBeats News, July 7, Counterpoint Research Director MS Hwang stated that the recent stock price corrections of memory chip manufacturers do not signify a fundamental shift in the memory chip market. On Tuesday, Samsung Electronics fell 6.9%, and SK Hynix dropped 6.1%, despite Samsung expecting another record-breaking quarter driven by strong demand. Some investors may believe that much of Samsung's potential upside, driven by expectations of improved profitability, has already been priced in. He said, "Recent strike actions and political discussions surrounding profit-sharing may also raise concerns about future shareholder returns." However, he pointed out that the fundamentals of memory chip manufacturers remain solid. According to Counterpoint's July memory chip price tracking report, DRAM prices in the third quarter are expected to rise by 10%-20%, higher than the initial forecast of 5%-10%, as customers continue to place orders in advance.