Memory Stocks Lost Momentum Despite Strong Earnings
AI summary
Sandisk, Micron Technology, Seagate Technology and Western Digital were among the stock market’s biggest winners in the first six months of the year as demand from the artificial-intelligence buildout seemed insatiable. The report’s headline says memory stocks had lost their mojo and strong earnings were not helping.
In-depth insight
The report links strong first-half performance among memory and storage companies with demand from the AI buildout, while also indicating that strong earnings were not helping restore momentum.
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#Sandisk#Micron Technology#Seagate Technology#Western Digital