Investors should “buy the pullback” in memory chip stocks according to a Wall Street analyst. Sandisk and Micron Technology experienced volatility on Thursday, but some analysts remain optimistic about these companies. According to Mizuho Securities analyst Vijay Rakesh, peak concerns about memory chips are overblown. He reiterates his “outperform” rating for both Sandisk and Micron.
Rakesh believes that worries about memory chips have been exaggerated and expects investors to take advantage of the current dip in stocks. This is despite recent threats from President Trump regarding Iran, which has impacted oil prices and Dow Jones futures.
Source: https://www.investors.com/news/technology/sandisk-stock-micron-buy-the-pullback-mizuho-says