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Fly News Breaks for September 16, 2019
Sep 16, 2019 | 14:41 EDT
In a research note title "Memory Monthly: When Will DRAM Bottom?," RBC Capital analyst Mitch Steves says that August pricing data was positive after the significant move following supply chain disruptions amid Western Digital (WDC)/Toshiba (TOSYY; TOSBF) power outage and Korea/Japan dispute. The analyst believes DRAM will bottom over the next couple of months. With 2020 likely to be an up year, Steves thinks the current environment creates attractive entry points for both Micron (MU) and Western Digital. Overall, the monthly data reflects an improving pricing environment, he adds.