You are here: Home » Companies » News
Business Standard

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

Reuters  |  Seoul 

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 ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, November 27 2017. 14:23 IST