Analysts see signs of memory market softening

Micron shares trade at about 7x forward earnings, down from a peak of about 12 in June, while Hynix trades at around 4x versus 8 in June. Stock analysts see signs of fading belief in the memory boom, even as industry analysts expect Q4 contract prices to rise: NAND up 15-20%, DRAM less.

• Micron trades at ~7x forward earnings, down from ~12x in June
• Hynix shares fell to ~4x forward earnings from 8x in June
• TrendForce expects Q4 contract prices to rise: NAND +15-20%
• New Micron and Hynix fabs plus YMTC and CXMT expansions may end the boom