B · Normal
[Bank of America: The valuation of U.S. storage stocks has shown the characteristics of the bottom of the cycle, and the market is overly concerned] On October 19th, Bank of America believed that the recent adjustment of U.S. storage stocks has been largely divorced from fundamentals, the valuation multiple has bottomed out, and the market is overly worried about the AI storage boom turning into recession. The bank predicts that the average selling price, revenue and profit margin of memory chips will remain at super cycle levels from 2027 to 2028. Even if profit growth slows down, the absolute level will still be close to historical highs.
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