Tencent technology news, according to foreign media reports, Mei Guang confirms the most serious concerns of investors. The company said the shortage of PC processors is affecting the demand for memory chips in the market.
Mei Guang shares fell 3.2% on Friday. On the previous day, the company's first quarter earnings outlook was worse than expected. Meguiar estimates revenue of $7.9 billion to $8.3 billion for the quarter to November, below Wall Street's average estimate of $8.45 billion.
JPMorgan Chase said last week that the problem of Intel's chip shortages is worsening, affecting PC sales in the fourth quarter as much as 7%. In addition, Intel has delayed the migration of the next generation of 10-nanometer manufacturing processes, suggesting that the company is facing capacity problems.
In a earnings call Thursday, Meguiar said the negative impact of processor shortages could extend beyond the quarter ended November.
Fearing periodic changes in memory chips, Nomura Instinet slashed its price target to $65 from $100.
Moore lowered Mercury's target share price to $48 from $65, giving Mercury a 4% rise from Thursday's closing price.
Shares of Mei Guang have been under pressure this month due to heightened concerns about slowing demand for memory chips. As of Thursday, shares of U.S. light fell 12% this month.
Earlier this month, an executive at Morgan Stanley and KLA-Tencor said the memory chip market was deteriorating compared with expectations, leading to a sharp fall in chip prices.