Western Digital's stock dropped 13% over the past month despite a 168% gain year-to-date, contrasting with gains in flash and DRAM memory stocks like SanDisk and Micron. The decline reflects a market shift favoring flash and DRAM over hard disk drives, which Western Digital now focuses on after spinning off its flash business. No company-specific issues explain the drop, suggesting profit-taking and sector rotation are key factors. Investors should watch for renewed demand in hard drives and manage position sizes amid potential volatility.
Micron Technology has shifted from a cyclical memory chip business to a more stable model with 16 Strategic Customer Agreements totaling around $100 billion in revenue through 2030. The company reported a massive 345.72% revenue increase year-over-ye...
Micron Technology's shares have soared over 665% in the past year due to strong AI memory demand and multi-year supply deals, highlighted by a blowout fiscal Q3 with $41.46 billion revenue and 84.6% gross margin. However, with a current price near $9...
President Trump called Micron Technology one of the world's "hottest" companies following Nvidia's announcement of $279 billion in supplier commitments, mostly for AI-related memory. Nvidia's Q2 revenue doubled year-over-year, with memory prices risi...
NVIDIA announced a $279 billion memory purchase commitment, nearly tripling from the previous quarter, signaling strong demand for memory chips. However, stocks of key memory suppliers like Micron and Western Digital fell sharply, likely due to profi...
