Goldman Sachs Names Seven Stocks for Cycle-High Margins From Memory Shortage

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Goldman Sachs identified seven semiconductor and technology firms poised to benefit from a severe global memory chip shortage. The bank’s analysts noted DRAM, NAND, and HBM markets face the tightest supply/demand balance in over a decade, forecasting cycle-high earnings and margin expansions for these companies.

1. Research Highlights Seven Stocks

Goldman Sachs analysts, led by Giuni Lee, pinpointed seven semiconductor and technology companies that stand to benefit most from the intensifying global memory chip shortage.

2. Supply/Demand Landscape

The team highlighted that DRAM, NAND, and HBM markets are experiencing the tightest supply/demand balance in over ten years, driven by constrained fab capacity and robust end-market demand.

3. Earnings and Margins Outlook

Analysts forecast that limited memory supply will push average selling prices higher, driving earnings and operating margins for the selected firms to multi-year cycle highs, potentially boosting their stock valuations.

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