Lazard Fund Buys the Dip in Samsung, Bullish on Upswing Cycle of Memory Chips
1 day ago / Read about 0 minute
Author:小编   

The manager of a $9.6 billion fund under Lazard took advantage of the sharp drop in Samsung Electronics' stock price in July to include it in its portfolio for the first time in more than a year. The manager is betting that the upswing cycle of Samsung's memory chips will continue until 2028, viewing the stock price decline as an attractive buying opportunity, and anticipates that spending by major tech companies will drive strong growth in chip sales.

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