MikeTrendsTrends right now

GgoogleJP first seen 1 d ago, last 1 d ago, peak #1

Bank of America says storage chip cycle is not over

Original: 力士

Bank of America argues the memory stock selloff is overdone, noting that leading storage chipmakers have halved in value yet now trade at price-to-earnings ratios as low as around 2. Bank of America said the cycle in storage chips has not ended, suggesting the market's pessimism about a downturn may be misplaced and the sector is significantly undervalued.

Why now: Investors are debating whether the sharp drop in memory stocks marks a cycle peak or a buying opportunity.

Bank of Americamemory chip sector

Open on google →

Rank over time, top of the chart is #1. 2 snapshots from 1 d ago to 1 d ago.

Evidence

API: https://socialmediatrends-api.osmike.com/v1/trends/3563596