Mutuum Finance (MUTM) trotzt bei 0,035 USD dem Markttrend - Cardano (ADA) Bullen kämpfen mit brutalem 14% Einbruch

Während sich die Krypto-Landschaft erneut als emotionaler Achterbahnritt entpuppt, zeigt Mutuum Finance erstaunliche Standfestigkeit.

MUTM behauptet sich bei 0,035 USD

Das DeFi-Projekt beweist Nervenstärke in turbulenten Zeiten und zieht dabei die Aufmerksamkeit risikobereiter Anleger auf sich - eine seltene Konstante in einem von Volatilität geprägten Markt.

Cardanos schmerzhafte Korrektur

ADA-Investoren müssen derweil einen brutalen 14% Rücksetzer verdauen. Die technologisch vielversprochene Blockchain kämpft mit den typischen Wachstumsschmerzen eines etablierten Projekts - zu groß, um zu scheitern, aber zu träge, um zu begeistern.

Traditionelle Finanzstrategen würden jetzt von Diversifikation sprechen, aber im Kryptobereich bedeutet das meist: Hoffen und Beten.

Memory chips drive demand

Similar patterns are showing up in memory and storage hardware, a corner of tech that doesn’t usually grab headlines. As previously reported by Cryptopolitan, Micron Technology Inc. has jumped over 90% this year thanks to strong demand for high-bandwidth memory that powers artificial intelligence systems.

Lam Research and KLA both supply equipment to Micron. Samsung Electronics Co. and SK Hynix Inc. compete with Micron on memory products, and they happen to be Teradyne’s biggest buyers.

Susquehanna analyst Mehdi Hosseini bumped up his target price for Teradyne last week, going from $133 to $200. His reasoning centered on expectations that memory companies will spend heavily on testing gear. Teradyne closed Monday at $134.33, which means Hosseini sees room for another 49% climb.

Hosseini pointed to Teradyne expanding into different testing areas, including wafer sorting. Taiwan Semiconductor Manufacturing Co. is expected to join that customer list. He told clients in a September 22 note that this growth “is not entirely reflected in the current share price.”

But there’s a problem developing. Even these secondary plays on artificial intelligence are getting expensive, which creates danger if spending slows down. KeyBanc Capital Markets analysts recently downgraded Lam Research, writing that the rally hasn’t been matched by better earnings forecasts or actual results. Morgan Stanley and CFRA both cut their ratings on KLA Corp. last week.

Valuation concerns are mounting

Early in the year, Lam Research and KLA traded around 20 times their forecast profits for the coming 12 months. Now they’re closing in on 30 times. That’s still under Broadcom’s 36 times multiple, but it’s higher than the Philadelphia semiconductor index average. Teradyne sits at 32 times projected earnings, which actually puts it above Nvidia Corp.

Adam Rich helps manage over $17 billion at Vaughan Nelson, where he serves as deputy chief investment officer and portfolio manager. He’s skeptical about how long this can last.

“The rally looks to be on shaky footing, since it seems like exponential investment in AI is the only way for it to keep up, and that seems unlikely,” Rich said. “Right now everyone is winning, and if you’re part of the AI trade, that’s great, but no one wins forever.”

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