STOCKS | Citrini Researcher Jukan Says Memory Chip Stocks May Face Pressure Regardless of Earnings

A Citrini researcher said market expectations for the memory chip sector are already high, which could leave share prices under pressure regardless of whether upcoming earnings beat forecasts. According to Odaily, the researcher, Jukan, wrote on X that even if results exceed expectations, investors may worry the industry cycle has peaked, while weaker-than-expected results could be interpreted as the end of the memory chip upcycle. Jukan added that he is concerned the sector could repeat a pattern previously seen in Nvidia, where fundamentals and corporate profits continued to set new highs but the stock price traded sideways for an extended period because expectations were already fully priced in.