Samsung Electronics Co Ltd's shares fell more than 4 per cent to a one-month low on Monday after Morgan Stanley cut its recommendation on the South Korean tech giant, citing concerns that a boom in memory chips is likely to peak soon. A so-called memory chip "super-cycle" of increased prices due to demand for more firepower in servers and smartphones was the major driver of Samsung's record third-quarter profit of 14.5 trillion won ($12.91 billion) announced in October, with investors focused on how long it will last. A Morgan Stanley research report issued on ...
Samsung shares down 4% as Morgan Stanley downgrades chip price target
Samsung Electronics is less likely to be affected by the predicted trends in chip prices: Analysts