Western Digital WDC shares surged 7% on Monday as investors increased bets on companies positioned to benefit from the accelerating AI-driven memory and storage boom. The rally in Western Digital comes amid growing optimism around demand for high-capacity data center storage, with investors viewing the company as a key beneficiary of expanding AI infrastructure spending….
Memory and storage stocks are surging in mid-morning Friday trading as the AI memory supercycle thesis goes fully mainstream. Micron Technology (NASDAQ:MU | MU Price Prediction) stock is up 11%, SanDisk (NASDAQ:SNDK) stock is also up 11%, and Western Digital (NASDAQ:WDC) stock is up 3%. The synchronized move extends a parabolic stretch for the group….
Monday was a strong day, to say the least, for memory and storage stocks. Shares of SanDisk (NASDAQ:SNDK), Micron Technology (NASDAQ:MU), and Western Digital (NASDAQ:WDC) all closed sharply higher, delivering a meaningful rebound after a volatile stretch for the sector. Following last week’s memory stock selloff, SNDK stock was down 4.9% for the week, MU…
© PhotoBylove / Getty Images As investors turned their back on software (notably, the seat-based software-as-a-service companies), they’re turned towards hardware in a big-time way. You wouldn’t know it by looking at those flat shares of Nvidia (NASDAQ:NVDA), but the iShares Semiconductor ETF (NASDAQ:SOXX) is up around 13% year to date, with few signs of…
