Invesco Water Resources ETF T.PHO

Primary Symbol: PHO

The investment seeks to track the investment results (before fees and expenses) of the NASDAQ OMX US Water IndexSM (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index seeks to track the performance of companies that create products designed to conserve and purify water for homes, businesses and industries. The underlying index may include common stocks, ordinary shares, American depositary receipts (ADRs), shares of beneficial interest and tracking stocks. The fund is non-diversified.

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Invesco Water Resources ETF > Key Points from Lam’s Call

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Post by OPFundson Jul 31, 2020 10:31am

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Post# 31349424

Key Points from Lam’s Call

Key points from the call: Lam's CEO expects NAND demand to be in the HIGH 30s (MU guided 30 last quarter) and DRAM to be in the HIGH teens (MU guided mid-to-high teens), so memory demand is increasing. He also said he thinks 'DRAM will be a 2021 story' and that DRAM is lagging NAND. Memory Demand is expected to continue for at least the next 2-3 years.

Good news for Photon, we could be just in the first part of a long cycle vs. last cycle in 2018

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