Memory chip makers gain as Samsung delays DDR5 pricing amid price spike

Investing.com -- Memory chip stocks jumped in Monday’s premarket trading after a report that Samsung Electronics has delayed setting contract prices for DDR5 memory chips as spot prices tripled.

Micron Technology shares climbed 4.1%, while SanDisk gained over 6.1%, leading the rally among memory manufacturers.

Other storage companies also moved higher, with Western Digital adding 2.1% and Seagate Technology rising 2.8%.

According to a DIGITIMES report, Samsung halted its October pricing announcements for DDR5 memory chips, pushing them to mid-November as spot market prices surged.

The delay in contract pricing amid rapidly rising spot prices indicates tightening supply conditions in the memory chip market, a situation that typically boosts revenue and profit margins for storage companies like Micron, SanDisk, Western Digital, and Seagate.

You May Also Be Interested In

• Freedom Broker Downgrades Flexsteel (FLXS) to Hold
• Cashmere Valley Bank Board Selects Len Devaisher as Next President and Chief Executive Officer
• KKR acquires minority stake in India's BookMyShow