Nomura Securities: Premature to Assert Chip Stocks Have Peaked

According to BlockBeats, on July 1, Nomura Securities team asserted it is premature to declare chip stocks have peaked. The team expects chip stock momentum to continue, citing two reasons: mega-scale data center operators will remain unable to halt investments in 2027 due partly to rising memory chip costs, and data center construction plans are accelerating. The team described recent chip price pullbacks as "healthy" but warned the market has yet to digest potential risks and shortages ahead.
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