Seagate and SanDisk stocks dropped 4% and 3% respectively due to profit taking after strong gains this year, with no new company news to explain the decline. Seagate shares have surged 201% year-to-date, while SanDisk rose 29% in the past month. In contrast, Micron stock remained stable, benefiting from its focus on AI-driven DRAM memory, which continues to see strong demand. The divergence suggests investors are selectively locking in gains on storage stocks while maintaining positions in AI-related memory sectors like Micron. Investors should watch for further pullbacks in Seagate and SanDisk and the overall strength of the AI memory market.
Shares of hard-drive makers Western Digital and Seagate Technology fell last week, but Morgan Stanley remains optimistic about their upcoming earnings reports. The firm expects both companies to deliver strong financial results and solid future guida...
Micron Technology's stock dropped nearly 30% from its 52-week high, falling below a $1 trillion market value despite a 379% revenue surge driven by AI data center demand. Analysts remain optimistic, expecting tight memory supply through 2028 and over...
