Shares of memory chip makers like SanDisk, Micron, and Western Digital fell sharply after a Wall Street Journal report revealed $3 trillion in off-balance-sheet AI commitments by top tech firms, raising concerns about future spending. This news, combined with softer-than-expected AI revenue forecasts from Anthropic and OpenAI, triggered profit-taking in AI hardware stocks that had surged significantly this year. Rising long-term Treasury yields also pressured these capital-intensive semiconductor stocks. Investors are rotating into safer sectors like healthcare and utilities as the market digests these developments. Micron's upcoming earnings report will be closely watched to gauge AI memory demand sustainability.
Technology stocks are experiencing a rotation today with software ETFs like iShares Expanded Tech-Software ETF (IGV) up 0.6%, while semiconductor ETFs such as iShares Semiconductor ETF (SOXX) fall about 5.4%. This shift is driven by mixed signals on ...
Shares of AI hardware companies, including Cerebras, Intel, and AMD, fell sharply before Cerebras' Supernova product event due to profit-taking and broader market rotation. Despite strong endorsements and revenue growth projections, Cerebras faces se...
Micron Technology's stock closed at $1,011.75, marking a 254.71% gain year-to-date driven by strong demand for AI memory products. CEO Sanjay Mehrotra describes this as a structural industry shift. Despite the recent surge, 24/7 Wall St. sets a price...
The rapid AI expansion is causing a shortage of high-bandwidth memory (HBM) needed for AI accelerators, benefiting companies like Micron and SK hynix. However, Nvidia is reportedly testing Rubin Ultra GPUs with reduced memory (192GB-288GB) due to sup...
Memory and storage stocks including Micron, SanDisk, and Western Digital dropped 5-7% due to rising U.S. Treasury yields increasing the cost of capital and discount rates on future earnings. This selloff is a valuation reset after a strong 2026 rally...
