Anthropic’s AI Chip Ambitions Spark Semiconductor Sell-Off
Anthropic has started developing a custom AI chip and is in early talks with Samsung. The news sparked a sell-off in Nvidia, AMD, and semiconductor stocks amid growing custom silicon trend.
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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.
Seagate Crushes Q3 Expectations as AI Demand Ignites Record Results and Bullish Outlook
Seagate beat expectations, boosted by AI demand for data storage, and expects strong growth ahead with rising revenue and profits.
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.