Nomura Securities Team: It is still too early to call a top for chip stocks

Odaily Planet Daily News: The Nomura Securities team stated that it is still too early to call a top for chip stocks. They believe the upward momentum for chip stocks will continue for two reasons. First, hyperscale data center operators, under pressure to make large investments or exit the market, will be unable to stop spending through 2027, partly due to rising memory chip costs. Second, data center construction plans are accelerating.

The team described the recent pullback in chip prices as "healthy" but also warned that the market has yet to price in certain potential risks and shortages that may arise in the future. (Jinshi Data)