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Signs the PC Chip Shortage is Ending
An executive at Micron Technology Inc. said last week at an investor conference that demand for consumer PCs is slowing and that some of its customers have more chips lying around. A day later, Morgan Stanley downgraded several chip stocks in a note titled “Winter is Coming.” The analysts said PC inventory is rising and that the smartphone market is likely to experience similar deterioration. IDC reported that global PC shipments grew by 13% Y/Y in Q221.
exception of graphics cards. (It’s still a good time to be in the games business.)
The waning demand for PCs will likely last for at least several more quarters. Memory prices are dropping precipitously on fears the chip cycle is over.
An executive at Micron Technology Inc. said last week at an investor conference that demand for consumer PCs is slowing and that some of its customers have more chips lying around. A day later, Morgan Stanley downgraded several chip stocks in a note titled “Winter is Coming.” The analysts said PC inventory is rising and that the smartphone market is likely to experience similar deterioration. IDC reported that global PC shipments grew by 13% Y/Y in Q221.
exception of graphics cards. (It’s still a good time to be in the games business.)
The waning demand for PCs will likely last for at least several more quarters. Memory prices are dropping precipitously on fears the chip cycle is over.
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Barry Young
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