News

Companies in The News Are: ON,SYNA,RKT,SNDK,STX

Large-cap stocks are known for their staying power and ability to weather market storms better than smaller competitors. However, their sheer size makes it more challenging to maintain high growth rates as they’ve already captured significant portions of their markets.

Louis Navellier identifies Micron, Seagate, Western Digital, and Sandisk as beneficiaries of a structural memory shortage, with Micron ranked first on his fundamental model.

Seagate Technology Holdings (NasdaqGS:STX) plans to redeem its 3.50% Exchangeable Senior Notes due 2028. The move will eliminate approximately US$150.7 million of debt from Seagate’s balance sheet. This corporate action directly affects Seagate’s capital structure and long term risk profile. Seagate Technology is a major supplier of data storage products, including hard disk drives and related solutions used in cloud, enterprise, and consumer applications. Recent attention around Seagate...

Seagate Technology Holdings Plc (NASDAQ:STX) is one of the best trending AI stocks to watch in 2026. Fox Advisors downgraded Seagate Technology Holdings Plc (NASDAQ:STX) to Equal-Weight from Outperform on June 22. The firm cited concerns that expectations for hard disk drive pricing “may be getting ahead” of likely increases. Seagate Technology Holdings Plc (NASDAQ:STX) […]

Seagate Technology Holdings (NASDAQ:STX) is one of the best future stocks to buy and hold for 10 years. On June 12, Seagate Technology Holdings announced the full redemption of its 3.50% Exchangeable Senior Notes due 2028. The company intends to redeem all outstanding notes for cash on September 8, at a price equal to the […]

Today, June 26, 2026, investors weighed tech volatility and shifting sentiment as memory costs come into focus.

Check out the companies making headlines this week:

(Updates with index/price moves data, and political news from the first paragraph.) US stocks tra

(Updates with index/price moves, macroeconomic data, and analyst comment from the first paragraph.)

The memory shortage has become a windfall for storage makers.

Shares stumbled Friday after gaining 22% on Micron earnings. Still, the stock could close lower on the week.

OpenAI IPO Delay Report Sparks Sharp Selloff in AI and Memory Stocks

The S&P 500 Index ($SPX ) (SPY ) today is down -0.54%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.42%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.38%. September E-mini S&P futures (ESU26 ) are down -0.51%, and September E-mini Nasdaq futures...

Stock Market Today: The Dow Jones index fell, while Nasdaq futures dived amid a global tech sell-off. Micron, Nvidia and Sandisk tumbled.

MU's standout Q3 results highlight surging AI memory demand, putting three memory and storage chip makers, SNDK, WDC and STX, in focus.

Tech looks set to extend a recent slump as Wall Street dumps some of the stocks that have benefited most from the AI trading frenzy.

Micron Rockets Higher, Dragging Global Chip Stocks Into Green Zone

↘️ ON Semiconductor (ON): The chip maker agreed to acquire Synaptics (SYNA) in a roughly $7 billion all-stock transaction, as it seeks to push into physical AI. Shares of ON Semiconductor tumbled 12% premarket, while Synaptics’ stock gained 6%.

Analysts praised Micron’s long-term contracts, saying they provide some of the strongest revenue visibility in the semiconductor industry.

Micron's stronger forecast and Qualcomm's AI data-center outlook pushed semiconductor stocks higher in early trading.

The rally for memory stocks is back on, with Micron leading the way after its earnings blew past expectations on booming AI demand.

Memory-chip maker Micron underlines its status as a market bellwether as stellar earnings revive the stuttering AI trade.

Western Digital stock and shares of hard-disk drive rival Seagate Technology rallied after Micron's results.

Ross Stores and Lennar have been highlighted as Zacks Bull and Bear of the Day

June 25 (Reuters) - Nasdaq futures jumped 2% on Thursday after upbeat forecasts from chipmakers Micron and Qualcomm pointed to strong demand for artificial intelligence infrastructure, lifting

Micron blew past expectations for third-quarter revenue and profit on Wednesday.

In recent days, Seagate Technology Holdings has been thrust into the spotlight as a core AI infrastructure provider, with media, analysts, and major investors highlighting its key role in handling AI-driven data growth and its strong recent revenue and margin performance. Behind the headlines, Seagate’s shift toward higher-value nearline storage contracts, tight supply conditions, and long-term customer commitments appears to be giving the company unusual pricing power and earnings...

Shares of data storage manufacturer Seagate (NASDAQ:STX) fell 7.1% in the afternoon session after a leverage-driven rout in South Korean chipmakers, renewed doubts about debt-funded AI capital spending, and a hawkish repricing of Fed rate expectations hit the year's most crowded trade, leaving the whole complex hostage to Micron's earnings after the close.

Shares of chipmakers surged late on Wednesday, adding over $400 billion in market ‌value after strong forecasts from Micron Technology and Qualcomm ‌breathed fresh life into Wall Street's recently waning AI stock rally. Micron surged ​12% in extended trade after forecasting quarterly earnings above analysts' estimates, signaling that heavy investments in AI-related infrastructure will drive strong demand for its memory chips. Also after the bell, Qualcomm ‌said it expects $15 billion ⁠in sales from its data center business by 2029 as it moves beyond its core smartphone ⁠chip business and shifts its focus to AI.