Chip Stocks Slide on Memory Market Supply Concerns; Nomura Eyes Mid-Term Rally

According to Hideyuki Ishiguro, chief strategist at Nomura Asset Management, global chip stocks have fallen due to concerns over memory market supply-demand dynamics and leveraged ETF profit-taking. The recent selloff reflects short-term investor sentiment fluctuations tied to supply-demand conditions.

However, Ishiguro noted that chipmakers retain upside momentum from AI-related earnings growth and expanding free cash flows, with the mid-term uptrend expected to persist as fundamentals remain supportive.