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Wdc

All articles tagged with #wdc

business1 month ago•13 min saved

DRAM Breakout Ignites Memory-Stock Rally in WDC, MU, STX, and SNDK

Memory-chip names led the session as Western Digital (WDC) jumped about 16%, Micron (MU) up ~11%, Seagate (STX) ~9.4%, and SanDisk (SNDK) ~6.5%, with the Roundhill Memory ETF climbing ~9% on the DRAM upcycle. Morgan Stanley lifted WDC’s price target to $650 citing stronger HDD demand and new UltraSMR/HAMR products, while SK Hynix and Samsung also gained. The broader rally followed a US–Iran peace deal, with the memory sector showing notable year-to-date gains (SNDK ~788%, MU ~280%, WDC ~280%, STX ~271%), and StockTwits sentiment flipping to bullish for WDC.

via Yahoo Finance|

#business #dram #mu

markets1 month ago•12 min saved

Broadcom's AI forecast miss drags memory names MU, SNDK, WDC as retail buys the dip

Broadcom’s forecast for AI chip revenue in Q3 came in below expectations and left its FY2027 outlook unchanged, triggering a broader dip in memory stocks MU, SNDK, and WDC as investors reassessed AI demand. Micron led the declines after Broadcom’s results, while retail traders on StockTwits swung MU to bullish as they bought the dip, though sentiment for SNDK and WDC remained bearish. Demand for memory chips remains strong with much of output already booked for the next two years.

via Yahoo Finance|

#broadcom #markets #memory-stocks

market-news4 months ago•16 min saved

Memory Makers Retreat After Micron’s Capex Push Sparks Sector Selloff

Memory and storage stocks SNDK, WDC, and STX fell in early trading after Micron reported strong results but signaled higher capital spending, triggering a sector-wide pullback despite solid AI data-center demand for storage. The move appears sentiment-driven and short-term, with fundamentals for the group remaining intact and long-term AI demand supportive.

via TipRanks|

#market-news #memory #mu

market-news5 months ago•14 min saved

WDC Stake Sale Sparks SanDisk Selloff Amid Debt Move

SanDisk stock fell about 5.7% on February 17 and slid another ~2% in after-hours trading after Western Digital disclosed plans to exit its entire SanDisk stake by selling 7.51 million shares at $535–$555, raising up to $3.09 billion to reduce debt. SanDisk will not receive any proceeds. The sale aims to swap SanDisk shares for debt held by JPMorgan and Bank of America and comes as AI-driven demand supports NAND/DRAM demand. Analysts show mixed views on SNDK, with a Moderate Buy consensus and an average target around $637.33, implying roughly 8% upside from current levels.

via TipRanks|

#debt-reduction #market-news #sndk

businessfinance2 years ago•1 min saved

Western Digital Continues Revenue Decline, Stock Slides

Western Digital (WDC) reported its seventh consecutive quarterly decline in revenue, causing its stock to drop more than 5% in after-hours trading. The company posted a FQ2 2024 adjusted loss per share of 69 cents on revenue of $3.03B, with a 2% year-over-year decline in revenue. The decline was attributed to a 13% year-over-year fall in sales in the cloud business. Despite this, the company's flash revenue increased slightly, while HDD revenue fell. Western Digital also announced plans to split its hard disk drive and flash memory businesses into two separate companies by the second half of 2024.

via Seeking Alpha|

#businessfinance #data-storage #revenue-decline