Morgan Stanley says the recent pullback in US memory-chip stocks is a buying opportunity; memory-chip shortages are expected to worsen through the year after next. Consumer electronics, PC and smartphone markets are sending mixed signals that will affect spot pricing and inventory at different times, and recent weakness in share prices appears linked to those factors.

2026-07-21

Morgan Stanley says the recent pullback in US memory-chip stocks is a buying opportunity; memory-chip shortages are expected to worsen through the year after next. Consumer electronics, PC and smartphone markets are sending mixed signals that will affect spot pricing and inventory at different times, and recent weakness in share prices appears linked to those factors.