Seagate Plunges as CEO Warns on Capacity Expansion Pace
Seagate stock fell after CEO warned supply won’t grow fast despite strong AI demand, worrying investors about near-term growth.
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Strongest Quarter in Years for Western Digital: AI Drives 45% Growth, But Shares Fall After Earnings
WDC beat earnings on AI storage demand and raised its outlook and dividend, but the stock fell after hours despite strong growth, similar to what happened with its peer Sandisk.
SanDisk Shares Jump as Analyst Predicts $2,600 Price Target
Evercore ISI initiates coverage on SanDisk with Outperform rating and $1,200 target, seeing bull case of $2,600. Stock surges as it joins Nasdaq 100.
Bernstein Sets $1,250 Price Target on SanDisk Amid NAND Price Surge
SanDisk surged after Bernstein raised its price target to the highest level on Wall Street and sharply boosted earnings estimates, driven by strong NAND memory prices and AI demand.
Morgan Stanley: Memory Selloff is Healthy – Strength Will Last Longer
Morgan Stanley analyst says the recent drop in memory stocks is a healthy pullback. Memory supply remains the key constraint for AI growth, with strong cash flow expected to drive Micron and other stocks higher.
Memory Stocks Dive as Google Unveils AI Algorithm That Cuts Memory Needs
Memory giants Sandisk, Micron, Seagate and Western Digital plunged after Google Research unveiled TurboQuant — an AI algorithm that slashes memory needs by 6x with zero accuracy loss.