Samsung Securities said a slowdown in memory-chip price gains does not necessarily signal peak profits. Rising shipments and a better product mix should sustain profit growth, while supply expansion is constrained: HBM production is tying up existing capacity and new fabs take time to ramp, lengthening the lag between price deceleration and earnings deterioration. Analysts said the current cycle is notable for an extended profit phase and that recent share weakness overstates concerns on earning

Samsung Securities said a slowdown in memory-chip price gains does not necessarily signal peak profits. Rising shipments and a better product mix should sustain profit growth, while supply expansion is constrained: HBM production is tying up existing capacity and new fabs take time to ramp, lengthening the lag between price deceleration and earnings deterioration. Analysts said the current cycle is notable for an extended profit phase and that recent share weakness overstates concerns on earnings; they reaffirmed Buy ratings on Samsung Electronics and SK Hynix.