Savvy Trades and Investments

[researcher59]

MU -1.43 to 47.59 despite a solid outlook from memory chip giant Hynix, which reported earnings overnight, but noted slowing mobile chip demand growth.

I've been adding shares this morning.

flyonthewall -

Hynix reported its earnings overnight and noted DRAM supply demand could remain tight through 2018, Mizuho analyst Vijay Rakesh tells investors in a research note. Further, while Q2 tightness should ease, NAND could be significantly tighter in the second half of 2018 with channel inventory falling, the analyst adds. He sees "strong positive trends" for both Micron (MU) and Western Digital (WDC). Rakesh is a buyer of both stocks. :theflyonthewall.com

https://www.reuters.com/article/us-sk-hynix-results/sk-hynix-echoes-tsmc-with-warning-of-slower-mobile-chip-growth-idUSKBN1HV09W