Morgan Stanley Negative on Memory Noting DRAM/NAND Checks Have Weakened (MU) (WDC)

Micron Technology (NASDAQ: MU) and Western Digital (NASDAQ: WDC) shares are under intense selling pressure Thursday after Morgan Stanley's Asian Team highlighted weakening DRAM/NAND following recent checks. The team highlights Server DRAM inventory stands at 6-8 weeks versus 3-4 week previously.

Further, Analyst Shawn Kim comments "We recently met buyers and sellers of memory and believe that the 4Q outlook for server DRAM is worse than we previously expected along with the prospects for the rest of memory in 3Q."

You May Also Be Interested In

• Crucial Unleashes World’s Fastest Gen5 Consumer NVMe SSD and Plug-and-Play High-Performance DRAM Options for Gamers, Creatives and Professionals
• Netflix (NFLX) PT Raised to $440 at Jefferies, 'we worry less about competition'
• IDP Education (IEL:AU) (IDPUF) PT Lowered to AUD28.20 at JPMorgan