The tech theme has been reigning supreme this year and one segment in particular stands out to Morgan Stanley: the memory sector.
The Morgan Stanley analysts have penciled in a 14% price hike for NAND and 10% increase for DRAM this quarter.
Even so, Morgan Stanley says that the recovery in the memory sector is just starting and is still "front-running a lot of good things that are supposed to happen much later."
Top pick and buy-rated stocks The optimistic outlook for the memory sector spells good news for a raft of stocks in Asia.
Morgan Stanley is overweight on the stock and gives it a price target of 500 New Taiwanese dollars ($15.52), or around 1% upside.
Persons:
Morgan Stanley, Morgan, Shawn Kim, Nvidia, — CNBC's Michael Bloom
Organizations:
Korean chipmaker SK Hynix, Samsung Electronics, —, SK Hynix, Korean, SK Hynix —, Samsung, Phison Electronics
Locations:
HBM, Asia