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The Memory Trade Cools After Samsung’s Preliminary Results Disappoint
Samsung’s preliminary third-quarter results missed estimates.Credit: Philip FONG / AFP via Getty ImagesKey TakeawaysMemory stocks declined Thursday after Samsung’s preliminary third-quarter results missed analyst estimates.Analysts have warned it may get harder for the memory trade’s high fliers to wow investors amid elevated expectations. One of the year’s hottest AI trades is taking a hit Thursday.Memory and data storage stocks are sliding after Samsung’s preliminary results fell short of estimates. Samsung, the largest memory chipmaker in the world, said it expects to post third-quarter…
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