Morgan Stanley analyst turns bearish on memory, Citrini analyst suggests it could be one factor in KOSPI's correction

Odaily Planet Daily reported that Citrini analyst Jukan stated on X platform that a Morgan Stanley research report circulating in the market shows analyst Shawn Kim has turned bearish on the memory chip industry. The report believes that NAND module maker inventory has risen to approximately 13 weeks, demand has clearly cooled, and expects that NAND price increases in Q4 will slow to about 5%, with spot prices falling for two consecutive months. Meanwhile, CXMT is rapidly expanding its capacity, and supply and demand are gradually balancing. The report also points out that if the NAND market weakens, DRAM should also be viewed bearishly, and expects the HBM market growth rate to be limited to about 40%.

Jukan said he has verified the report's authenticity with sources and noted that Shawn Kim has recently held a similar view, which could be one reason for the continued correction of the KOSPI index in recent weeks.