Western Digital's stock fell 4% even as it promoted AI storage solutions at a major conference, reflecting market skepticism without new orders or product launches. Seagate's shares dropped 5% amid broader hard disk drive sector weakness, while Micron's stock remained steady, highlighting a divergence between memory and HDD market valuations. Western Digital and Seagate's AI storage optimism relies on long-term contracts, but today's selloff suggests investors are cautious until fresh customer commitments emerge. The market will watch for clearer signs of demand from hyperscale customers during upcoming conferences.
Western Digital trades at USD 412.20, down 3.45% as of Sep 16, 2026 01:02 WIB on Pluang. Seagate shares also fell 4.78% to USD 767.44. Micron remains steady at USD 925.28, up 0.14%, showing resilience in memory stocks despite HDD sector weakness.
Seagate Technology's shares fell 15% in one week, trading well below analyst price targets despite strong revenue growth of 34% in fiscal 2026 and record free cash flow. The company leads in AI storage with its Mozaic platform and has nearly fully al...
SK Hynix shares fell 6% following a five-day selloff in Seoul sparked by ChangXin Memory Technologies' announcement of a new memory-cell design with higher capacity. This news also caused Western Digital and Seagate shares to drop 7%, despite their f...
Shares of Micron, SK Hynix, and Western Digital dropped after Chinese chipmaker ChangXin Memory Technologies (CXMT) announced progress on a denser server memory chip design targeting the lucrative AI-driven market. CXMT aims to launch this new produc...
