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Others Rally, Memory Doesn't: Why Is Memory Lagging?
Semiconductors rose Tuesday; memory went the other way. SK hynix fell 6.39% to $182.56 ahead of Oct. 27 earnings, breaking technical support after a strong run: Seagate -9.18% to $805.63, Western Digital -6.93% to $411.04, SanDisk -2.56% to $1,660.46, Micron -1.73% to $1,045.56. Toshiba's expansion plan and a reported TDK magnetic-head bid, which Toshiba denied, stoked supply worries; Morgan Stanley flagged a power bottleneck that could delay data-center and memory deliveries. Bulls say added supply is priced in; bears say both supply and demand are unresolved. What's the market worried about?
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