POPA ReconJP Morgan on Nvidia's memory decline
JP Morgan on Nvidia's memory decline Mitigating supply shortages and rising BOM costs by lowering DRAM content is quite similar to behavior seen in past cycles, which could, in our view, create a cap on valuations for memory stocks. Given the current depressed levels after a correction of over 40%, it is likely that we will see a rebound in the next six months, but at this time, we do not believe that memory stocks will be able to recover the previous highs reached on May 26th.
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