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Memory Makers Are the Hottest Thing in Tech. Are They Making Too Much Money?
The Wall Street Journal101d agoneutral
Memory Makers Are the Hottest Thing in Tech. Are They Making Too Much Money?

Profits have never been a sure thing in the volatile industry. Memory chip makers Micron Technology and Sandisk as well as hard-drive makers Seagate and Western Digital have all produced annual operating losses at least once in just the last three years. Sandisk and Micron are now generating around 80 cents of gross profit for every dollar of revenue.

Sandisk joins Western Digital, Seagate in signaling strong AI storage demand
Reuters107d agoneutral
Sandisk joins Western Digital, Seagate in signaling strong AI storage demand

Sandisk forecast quarterly revenue above estimates on Thursday, joining peers Western Digital and Seagate in signaling ‌that enterprise spending on data storage products used in artificial intelligence ‌data centers remains strong. Sandisk shares, which have risen about 350% this year, fell over 6% ​in extended trading, following a sharp AI-driven rally in storage stocks earlier this week sparked by Seagate's strong forecast. Western Digital, whose shares have more than doubled this year, also slipped nearly 8% even as it forecast quarterly revenue ‌above estimates.