DRAM/Semi names are under pressure ahead of the open
Several factors are likely attributing to the weakness including:
- Disappointing Texas Instruments (TXN) qtr. The stock is leading the group lower this morning (now down 9%) following earnings. MU -2%, STM -3%, ON -3%, FCS -1.7%, NXPI -2.6%
- Reports out overnight indicate China expansion in the DRAM sector could increase competition and pricing. See 6:54 comment for related
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