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Memory Stocks Slide as Rates and Oil Swamp JPMorgan’s Overweight Call: SK Hynix Sinks 5%, Western Digital Drops 3%, Micron Slips

요약

JPMorgan just slapped an Overweight rating on SK Hynix with a price target well above current levels, yet the stock is sinking anyway as surging Treasury yields and triple-digit oil prices gut the bull case in real time.