Citigroup Suggests Samsung's Stock Pullback May Be Technical Adjustment

Deep News07:23

An analyst from Citigroup, Peter Lee, has indicated that the recent decline in Samsung Electronics Co., Ltd. shares might be a technical correction, despite market apprehensions regarding a potential oversupply in AI computing power. The analyst anticipates that stronger-than-expected server DRAM prices, fueled by robust demand for AI central processing units (CPUs), will bolster the South Korean tech giant's operating profit for the second fiscal quarter to reach 84 trillion won. Lee has revised his operating profit forecast for Samsung for 2026 upwards from 334 trillion won to 401 trillion won. "We believe the fundamentals for memory chips remain intact, and server DRAM pricing has been exceptionally strong, driven by solid CPU demand," he stated. Citigroup has also increased its 2026 average selling price (ASP) forecast for Samsung's mainstream server DRAM product, the 64GB DDR5 RDIMM, from $1,586 to $1,805.

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Lee has revised his operating profit forecast for Samsung for 2026 upwards from 334 trillion won to 401 trillion won. \"We believe the fundamentals for memory chips remain intact, and server DRAM pricing has been exceptionally strong, driven by solid CPU demand,\" he stated. <b>Citigroup</b> has also increased its 2026 average selling price (ASP) forecast for Samsung's mainstream server DRAM product, the 64GB DDR5 RDIMM, from $1,586 to $1,805.<br><br></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0310800965.SGD","symbol_name":"FTIF - Templeton Global Balanced A Acc SGD","start_time":0,"source_url":"","article_id":"1195172558","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1195172558","pubTimestamp":1783034594,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"An analyst from Citigroup, Peter Lee, has indicated that the recent decline in Samsung Electronics Co., Ltd. shares might be a technical correction, despite market apprehensions regarding a potential...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. 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