Micron Lags Despite NVIDIA's $279B Memory Commitment; Western Digital Drops 4%, SK Hynix Ticks Up
NVIDIA’s memory spending jumped to $279 billion, but profit-taking pushed Micron and Western Digital lower while SK Hynix was the lone gainer.
4 Articles
4 Articles
Micron Lags Despite NVIDIA's $279B Memory Commitment; Western Digital Drops 4%, SK Hynix Ticks Up
NVIDIA just disclosed a memory commitment that nearly tripled in a single quarter, yet the stocks of its named suppliers are falling hard on Thursday. One name in the group is bucking the selloff, and the reason points to a fault line running through the entire memory trade.
Why are memory stocks MU, SNDK, and WDC falling despite Nvidia’s results
Memory stocks fell on Thursday despite Nvidia's strong earnings and outlook supporting the broader technology sector. Micron Technology MU declined 2%, while SanDisk fell 1.7% and Western Digital dropped 2.7% as investors appeared to weigh company-specific factors alongside the continued strength in artificial intelligence demand.Nvidia reported fiscal second-quarter revenue of $96.22 billion, up 106% from the prior year. Data-center revenue rea…
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
