According to a domestic brokerage, on November 5, target prices for two major memory chip stocks were downgraded. Nanya Technology (2408) had its rating cut from 'buy' to 'hold', with target price reduced to 447 New Taiwan dollars (TWD), representing a 15.2% decline from the previous 527 TWD. Phison Electronics (8299) saw its target price slashed from 2,000 TWD to 1,870 TWD, marking the third consecutive downward revision and cumulative decline of 23.7%, citing concerns over future AI capital expenditures and narrowing memory price gains.

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.