Samsung Expects Q4 Operating Profits to Triple Amid Memory Chip Demand Surge
- Surging Demand: The memory industry is facing an unprecedented supply crunch as AI infrastructure development consumes most available NAND flash and DRAM chips, leading to significant component shortages for PC and smartphone manufacturers.
- Price Increases: Rising memory prices have resulted in substantial revenue gains for manufacturers, with Micron achieving record quarterly sales and operating profits last month, while Samsung expects its Q4 operating profits to triple year-over-year, reflecting strong market demand.
- Cautious Production Expansion: Despite robust market demand, memory companies are being cautious about ramping up production capacity, with Seagate planning to keep capital spending at a normal 4% of revenue, while Sandisk anticipates an 18% increase in capital spending to address a 44% revenue growth.
- Long-term Investment Challenges: Sandisk's CEO highlighted that the lack of long-term supply agreements makes it difficult for companies in the NAND flash industry to plan significant investments, emphasizing the need for longer commitment periods to ensure economic viability and avoid episodic losses.
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Technical Analysis for STX
Technical Sentiment Analysis for Stacks (STX) As of , Stacks (STX) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for STX stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, STX is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Stacks (STX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.115 | 0.168 | 0.22 | 0.273 | 0.325 | 0.378 | 0.431 |
| Fibonacci | 0.168 | 0.208 | 0.233 | 0.273 | 0.313 | 0.338 | 0.378 |
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