Why chip stocks are dragging down the Nasdaq today

The market is increasingly seeing a peak in computer chip pricing and treating earnings of manufacturers accordingly. The forward multiples of memory chip names in particular are low, with Micron now around 7x forward earnings but the market is sensing that the peak is close and that memory prices will do what they always do: Revert to the low-margin mean.…

You are being sent to the original publisher. FX Radar keeps this reference for market context and source discovery.