Heard on the Street: Unforeseen events have caused prices to jump, but inventories and demand remain drags on the sector
Bad news amounts to good news in the memory-chip business these days. That doesn’t mean the effect will last.
A confluence of unexpected events in recent weeks is buoying prices for the waterlogged industry. A power outage last month at a plant in Japan run by Toshiba has reduced supply of NAND flash memory, used for storage, helping to lift prices in that category. And several analysts noted a rise this week in spot prices for DRAM, memory chips for processing. Mark Newman of Bernstein wrote Thursday that commodity DRAM spot...
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