Morgan Stanley and JPMorgan Rate Memory Chip Stocks as Buy After 30-40% Decline

According to Morgan Stanley and JPMorgan, memory chip stocks including Samsung Electronics and SK Hynix represent a buy opportunity as of July 20, with both stocks down 30-40% from 52-week highs. Morgan Stanley analyst Joseph Moore noted on July 20 that data center procurement teams confirmed memory shortages persist with no signs of easing, and predicted Q3 memory prices will rise at least 25% quarter-over-quarter. JPMorgan analyst Mixso Das stated South Korea's stock market fundamentals remain solid despite recent weakness, attributing foreign investor selling pressure to MSCI emerging market index allocation limits.
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