Equity Armor Investments
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- Memory and Storage Stocks Keep Sliding Despite Blowout Earnings
Sandisk, Micron, Seagate and Western Digital, among the biggest stock winners of early 2026, have fallen into the bottom 10% of the S&P 500 since the end of June, Bloomberg reported. Sandisk and Western Digital have dropped more than 44% since the start of July, Seagate 33% and Micron 22%, though all four remain up for the year, led by Sandisk's gain of nearly 430%. Western Digital beat forecasts last Thursday with revenue up 55% to $4.38 billion and raised its dividend by 17%, yet its shares fell 3% on Friday. Investors are questioning how long debt-funded AI spending can last, and Gartner warned this month that more than $3.5 trillion of AI infrastructure spending could face write-downs by 2030; South Korea's SK Hynix has already lost about half its value between June and August.
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