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Goldman Sachs Recommends Samsung, SK Hynix | Markets & Money News
Goldman Sachs identifies Samsung Electronics and SK Hynix as potential buy opportunities following a significant sell-off in the memory sector, which saw stocks drop 11-26%, erasing over $700 billion in value. The downturn was influenced by advancements from Chinese DRAM maker CXMT and broader economic concerns, including financing in AI and rising consumer prices. While both Samsung and Hynix trade below book value, Goldman believes the technology gap isn’t closing as quickly as anticipated,
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