Morgan Stanley Defends Memory Chip Stocks Amid Slump

What: Morgan Stanley has defended memory chip stocks, citing a rebound in demand for smartphones and laptops.
Why: The bank's analysts expect a 15% increase in memory chip prices by the end of 2026.
Signal: A 20% decline in memory chip inventory has signaled a potential bottom in the market.
Target: Morgan Stanley's target price for Samsung Electronics, a major memory chip manufacturer, is $140 per share.
Risk: The bank warns of a 30% risk of further declines in memory chip prices if global economic conditions worsen.