Multiyear Chip Industry Boom Approaching, Nomura Says -- Market Talk

Dow Jones

Sep 25, 2025

0254 GMT - A multiyear semiconductor-industry boom is approaching, say Nomura analysts led by C.W. Chung in a research note. Big U.S. tech companies' investments in both artificial-intelligence and conventional servers are set to boost memory-chip demand and bring profit margins for DRAM and NAND products to record highs in 2026, they say. "Therefore, we believe the memory market is likely to experience an unprecedented super-cycle, with substantial investment continuing into 2027 and 2028," the analysts note. Nomura raises its target prices for the top memory-chip makers, Samsung Electronics and SK Hynix, by 46% and 50%, respectively, reflecting an upgraded operating-profit outlook for both stocks. (kwanwoo.jun@wsj.com)

(END) Dow Jones Newswires

September 24, 2025 22:54 ET (02:54 GMT)

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Chung in a research note. Big U.S. tech companies' investments in both artificial-intelligence and conventional servers are set to boost memory-chip demand and bring profit margins for DRAM and NAND products to record highs in 2026, they say. \"Therefore, we believe the memory market is likely to experience an unprecedented super-cycle, with substantial investment continuing into 2027 and 2028,\" the analysts note. Nomura raises its target prices for the top memory-chip makers, <a href=\"https://laohu8.com/S/SSNGY\">Samsung Electronics</a> and <a href=\"https://laohu8.com/S/HXSCL\">SK Hynix</a>, by 46% and 50%, respectively, reflecting an upgraded operating-profit outlook for both stocks. (kwanwoo.jun@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 24, 2025 22:54 ET (02:54 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Multiyear Chip Industry Boom Approaching, Nomura Says -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMultiyear Chip Industry Boom Approaching, Nomura Says -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-09-25 10:54</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0254 GMT - A multiyear semiconductor-industry boom is approaching, say Nomura analysts led by C.W. Chung in a research note. Big U.S. tech companies' investments in both artificial-intelligence and conventional servers are set to boost memory-chip demand and bring profit margins for DRAM and NAND products to record highs in 2026, they say. \"Therefore, we believe the memory market is likely to experience an unprecedented super-cycle, with substantial investment continuing into 2027 and 2028,\" the analysts note. Nomura raises its target prices for the top memory-chip makers, <a href=\"https://laohu8.com/S/SSNGY\">Samsung Electronics</a> and <a href=\"https://laohu8.com/S/HXSCL\">SK Hynix</a>, by 46% and 50%, respectively, reflecting an upgraded operating-profit outlook for both stocks. (kwanwoo.jun@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 24, 2025 22:54 ET (02:54 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4552","symbol_name":"Archegos爆仓风波概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2570564530","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2570564530","pubTimestamp":1758768840,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0254 GMT - A multiyear semiconductor-industry boom is approaching, say Nomura analysts led by C.W. Chung in a research note. Big U.S. tech companies' investments in both artificial-intelligence and conventional servers are set to boost memory-chip demand and bring profit margins for DRAM and NAND products to record highs in 2026, they say. \"Therefore, we believe the memory market is likely to experience an unprecedented super-cycle, with substantial investment continuing into 2027 and 2028,\" the analysts note. Nomura raises its target prices for the top memory-chip makers, Samsung Electronics and SK Hynix, by 46% and 50%, respectively, reflecting an upgraded operating-profit outlook for both stocks. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4552":"Archegos爆仓风波概念","BK4127":"投资银行业与经纪业","NMR":"野村控股","SSNHZ":"Samsung Electronics Co., Ltd."},"translate_title":"野村证券表示，芯片行业多年繁荣即将来临——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NMR":1.5,"SSNHZ":0.9},"content_text":"0254 GMT - A multiyear semiconductor-industry boom is approaching, say Nomura analysts led by C.W. Chung in a research note. Big U.S. tech companies' investments in both artificial-intelligence and conventional servers are set to boost memory-chip demand and bring profit margins for DRAM and NAND products to record highs in 2026, they say. \"Therefore, we believe the memory market is likely to experience an unprecedented super-cycle, with substantial investment continuing into 2027 and 2028,\" the analysts note. Nomura raises its target prices for the top memory-chip makers, Samsung Electronics and SK Hynix, by 46% and 50%, respectively, reflecting an upgraded operating-profit outlook for both stocks. (kwanwoo.jun@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 24, 2025 22:54 ET (02:54 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}