MKM's Daniel Berenbaum sees more pain ahead for chip stocks, following a new round of warnings...

|By:, SA News Editor

MKM's Daniel Berenbaum sees more pain ahead for chip stocks, following a new round of warnings and guidance cuts (I, II, III, IV). Moreover, in the wake of Micron's (MU -12.4%) poor results, he thinks recent DRAM production cuts aren't boosting demand much. The fact MSFT is making Windows less memory-hungry could be a reason why.