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.
Memory stocks, including SanDisk, Western Digital, and Micron, are experiencing sharp declines, with SanDisk down 8%, Western Digital 7%, and Micron 6%. The selloff is driven by concerns over increased competition from Chinese memory makers and worri...
Micron Technology and Seagate Technology stocks have surged 221% and 155% respectively in 2026, driven by robust demand for memory chips and data center storage fueled by AI expansion. Micron’s strong revenue growth and multiyear supply agreements pr...
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...
Jim Cramer highlighted SanDisk and Western Digital as risky stocks despite their strong year-to-date gains, warning that a slowdown in data center expansion could sharply reduce their profits. Both companies depend heavily on hyperscalers' spending o...
Western Digital's stock has dropped 50%, driven by sector-wide concerns rather than company-specific issues. Despite this, the company projects 45% revenue growth, a gross margin of 55-56%, and $4.00 earnings per share, signaling strong fundamentals....
