My call: US$ 1165
The continuation of AI’s capex expansion drive the demand for memory chips further, especially for HBM4 memory chips which presently shortage in supply and providing big profit margins. Therefore, the earnings should beat the estimates with good print, similar to previous quarter. As for price action, trending upwards with 3 gaps up, consolidating at resistance near previous gap down. After the result, the price probably will closed the gap down, reaching within the range of 1150-1168.
