Western Digital is a US maker of data storage and hard drives. Recent coverage has focused on its AI-driven storage demand: the company raised its dividend and guided to better-than-expected earnings, and was grouped with Sandisk, Micron and Seagate as an AI build-out beneficiary. Later reports said memory stocks had lost momentum, and China's CXMT chip launch raised oversupply concerns.
Memory stocks lose momentum despite strong earningsSandisk, Micron, Seagate and Western Digital were among the H1 stock-market winners on insatiable AI build-out demand, but according to the report memory stocks have now lost their mojo, with strong earnings failing to help.
Western Digital raises dividend, gives solid outlook on AI demandWestern Digital forecast better-than-expected earnings and raised its dividend, reflecting strong data storage demand driven by the AI boom.
AI euphoria fades as chip stocks slump nearly 9% in a weekAI-related stocks fell sharply as China's CXMT unveiled a new memory chip, stoking overproduction fears, and US September inflation came in above expectations; the SOXX index dropped nearly 9% over five sessions. Investors are questioning whether hundreds of billions in AI spending will deliver expected profits.
Prediction: an AI memory stock to soar after Sept. 30The piece examines the memory supercycle and the linked performance of Sandisk and Micron. It reports Sandisk's first standalone year revenue of $20.25B, Q4 revenue of $8.9B, Q4 data-center revenue $2.9B and full-year data-center $5.2B, highlighting NAND price strength and rising data-center mix.
The A.I. Daily