全球存储技术-投资者反馈分化，现货价格强劲，海力士催化因素与风险-Global Memory Tech-Weekly theme mixed investor feedback, strong spot price, Hynix catalystsrisks

Accessible version Global Memory Tech Weekly theme: mixed investor feedback, strong spot price, Hynix catalysts/risks Industry Overview Mixed investor feedback in Asia We met investors in Singapore and Hong Kong this week. Interestingly, buy-side analysts were broadly bullish on memory, but the majority of experienced portfolio managers raised concerns about cyclical downturn. In fact, we acknowledge five risks: (1) abnormally high DRAM spot prices (3-4x higher vs 2000-24 peaks); (2) bullish consensus (sell ...