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Chipmakers rebound as AI memory names ride the dip-buying wave
business12 days ago

Chipmakers rebound as AI memory names ride the dip-buying wave

Micron (MU), Sandisk (SNDK), and Western Digital (WDC) trimmed losses and turned green after a dip in AI-memory names, as investors bought the dip amid renewed US–Iran tensions and softer AI-trade momentum following Samsung’s mixed profits. A Reuters report that Chinese startup DeepSeek is developing its own AI chip adds competition concerns. The rally hinges on a persistent high-bandwidth memory shortage that has boosted MU and peers, even as analysts warn hyperscalers could curb AI infrastructure spending through 2027; Fundstrat’s Tom Lee remains bullish on AI exposure. SK Hynix’s planned roughly $28 billion US IPO could test demand for AI stocks, underscoring that AI demand remains a key earnings driver this year despite volatility.

via Yahoo Finance|
#ai#business#memory-chips
AI spending optimism lifts memory players after Micron blowout
business26 days ago

AI spending optimism lifts memory players after Micron blowout

Memory and storage stocks rallied after Micron Technology posted strong results, reinforcing the view that AI-driven demand will accelerate capital spending. Sandisk jumped about 21% and Western Digital around 4%, with other tech names like Applied Materials also higher as the SOXX rose on the Micron beat. Investors remain willing to overlook short‑term volatility if the earnings outlook justifies elevated valuations, even as Nvidia slid on Qualcomm’s data-center revenue outlook; the broader semiconductor complex has helped drive a multi‑month tech rally as AI demand tightens supply.

via Yahoo Finance|
#ai-spending#business#micron
AI Memory Rally Lifts MU, SNDK as WDC Gains on Storage Boom
business2 months ago

AI Memory Rally Lifts MU, SNDK as WDC Gains on Storage Boom

Memory and storage stocks surged as the AI memory supercycle thesis goes mainstream: Micron jumped about 11% on Cloud Memory Unit revenue of $5.28B at a 66% gross margin and forecasting $18.7B in Q2 2026 revenue; SanDisk rose ~11% after Q3 FY2026 revenue of $5.95B with datacenter revenue $1.47B; Western Digital gained ~3% as non-GAAP gross margin topped 50% and the company lifted its dividend by 20%. The rally highlights tight supply in high-bandwidth memory, enterprise NAND, and HDDs, with year-to-date gains for MU, SNDK, and WDC running into the double digits (MU ~151%, SNDK ~528%, WDC ~176%).

via 24/7 Wall St.|
#ai-memory-supercycle#business#memory
Michigan's secret $261M megasite gamble ends with no factory
business3 months ago

Michigan's secret $261M megasite gamble ends with no factory

Bridge Michigan details how Mundy Township’s 2-square-mile megasite near Flint was built on $261 million in public subsidies and the targeted demolition of roughly 150 homes, all under heavy NDA secrecy to lure a semiconductor end user. Despite years of negotiations, a massive incentive offer and continued site work, no company ever committed to move in, and the project drew sharp criticism over transparency and the use of taxpayers’ money as residents watched homes and neighborhoods be cleared.

via Bridge Michigan|
#business#megasite#mundy-township
WDC Stake Sale Sparks SanDisk Selloff Amid Debt Move
market-news5 months ago

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
WD monetizes SanDisk stake via $3B swap, triggering Sandisk share slump
business5 months ago

WD monetizes SanDisk stake via $3B swap, triggering Sandisk share slump

Western Digital confirmed plans to monetize its SanDisk stake through a debt-for-equity swap totaling over $3 billion, continuing the unwind of their split flash business; SanDisk stock dropped sharply, with after-hours losses over 8%, though SanDisk says it is not selling stock. WD also signaled about $4 billion in share buybacks and a plan to unload the remaining Sandisk stake, a move WD had telegraphed ahead of the spin-off’s February anniversary.

via Sherwood News|
#business#debt-for-equity-swap#sandisk
AI Surge Drains Hard-Drive Supply as WD Says 2026 Is Sold Out
technology5 months ago

AI Surge Drains Hard-Drive Supply as WD Says 2026 Is Sold Out

Western Digital says its storage capacity for calendar 2026 is largely sold out due to surging AI and enterprise demand, with capacity concentrated among its top seven customers and some 2027–2028 agreements already in place. With consumer sales shrinking to about 5% of revenue, memory shortages and higher prices are expected to persist as AI-driven demand outpaces supply.

via Mashable|
#ai#consumer-market#enterprise-demand
Top Black Friday SSD Deals: Huge Savings on WD, Samsung, Crucial & More
technology1 year ago

Top Black Friday SSD Deals: Huge Savings on WD, Samsung, Crucial & More

Amazon is offering significant discounts on Western Digital SSDs compatible with PS5 and PCs during its Black Friday sale. The WD Black SN850X 1TB SSD is available for $90, while the 2TB model is priced at $134, both with preinstalled heatsinks. A 4TB version without a heatsink is on sale for $250. These SSDs offer speeds up to 7,300MB/s, exceeding the PS5's requirements. Additionally, Xbox and Nintendo Switch users can find deals on storage expansions, including the WD Black C50 1TB Expansion Card for $100 and SanDisk microSD cards.

via GameSpot|
#amazon#black-friday#ps5
"Western Digital Unveils 4TB SD Card, Setting New Standard for Removable Memory"
technology2 years ago

"Western Digital Unveils 4TB SD Card, Setting New Standard for Removable Memory"

Western Digital has unveiled a 4TB SanDisk Extreme PRO SDUC UHS-I memory card, setting a new world record for the largest removable memory card. The card, announced at the NAB Show 2024, aims to meet the increasing demand for high-capacity storage solutions in photography and video creation. With twice the capacity of the largest microSD cards, the new SD card utilizes the SDUC standard and is set for release in 2025, catering to the needs of creative professionals for extensive data storage.

via TechRadar|
#creative-professionals#nab-show#sd-card
"SanDisk Unveils 4TB SDUC Cards for 8K Video and Storage"
technology2 years ago

"SanDisk Unveils 4TB SDUC Cards for 8K Video and Storage"

Western Digital unveiled new SD cards, including a 4TB SDUC card, a 2TB SDXC card, and a 256GB SD Express-supported card, with improved speeds and capacities. The 4TB SDUC card is a significant leap in storage capacity, utilizing the SDUC specs and hinting at future potential for even larger capacities. These new SD cards are expected to be available in 2025, but pricing details have not been disclosed.

via Tom's Hardware|
#4tb#sd-cards#sduc