SK Hynix is set to begin trading on the U.S. market on Friday adding to the mounting memory hype on Wall Street. The South Korean memory chip maker will list its American depositary receipts on the Nasdaq under the ticker “SKHY.” The ADR listing is highly anticipated with some reports signaling it is more than seven times oversubscribed.
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Between the continued excitement around chipmakers—as seen in the enthusiasm regarding SK Hynix’s imminent U.S. listing—and the sudden reversal in the tech sector’s fortunes earlier this week, the AI trade is flashing mixed signals.
A number of stocks jumped in the morning session after semiconductor stocks rebounded amid dip buying following a recent selloff, as reports revealed that China may ease restrictions on advanced Nvidia AI chip imports.
WDC is accelerating its HAMR roadmap with higher-capacity HDDs and long-term customer deals to meet surging AI-driven storage demand.
Memory chips, optical technology, semiconductor equipment makers, oh my! The three themes within the AI trade have emerged as investors' favorites, sending related stocks skyrocketing this year. They're also leading today's session.
Seagate is riding AI-driven storage demand with HAMR innovation, stronger margins and rising revenue targets. Can the rally continue?
Memory and storage stocks are rebounding sharply Thursday morning, reversing a bruising start to the week. Western Digital (NASDAQ:WDC) shares are up 7% to $589 and Seagate Technology (NASDAQ:STX) stock is up 7% to $921 in early trading, while Micron Technology (NASDAQ:MU) shares are up 6% to $1,010 and SanDisk (NASDAQ:SNDK) stock is up 6% ... Western Digital and Seagate Surge 7%, Micron and SanDisk Climb 6% as Memory Selloff Reverses
US stock futures pointed to another mixed Wall Street session on Thursday, as investors weighed fresh developments in the Middle East against signs that chip stocks could extend their recent rally. Dow Jones futures were down 0.1%, while S&P 500 futures rose 0.2% and Nasdaq 100 futures...
FTSE 100 Live pre-open Blue-chip stocks in London and mainland Europe are set to rebound on Thursday after reports that the US and Iran could agree a new ceasefire deal. FTSE 100 futures pointed to a gain of 36 points, a day after the index plunged almost 177 points to end...
Western Digital has delivered a very large 3 year share price return while valuation checks suggest the stock may still trade below its intrinsic value. This creates a clear tension between past gains and what the numbers imply today. Over the past 3 years, Western Digital has returned about 17x. This puts extra focus on whether today’s price still leaves a margin between market value and fundamentals. Rising expectations for AI related storage demand can support the current valuation...
The memory-chip complex has sold off hard from recent peaks. In light of this, investors are asking which of Micron Technology (NASDAQ:MU), SanDisk (NASDAQ:SNDK), or Applied Materials (NASDAQ:AMAT) they should actually own after the drawdown. According to Carson Group chief market strategist Ryan Detrick, from recent highs Micron stock is down 22%, Applied Materials stock ... Every Memory Stock Is Now in a Bear Market: Is Micron, SanDisk, or Applied Materials the Best Buy?
Western Digital Corporation (NASDAQ:WDC) is one of the 15 Best Stocks to Buy for the Second Half of 2026. On June 29, Melius Research initiated coverage of Western Digital Corporation (NASDAQ:WDC) with a “Buy” rating and a $1,050 price target. The firm said the recent pullback created an attractive entry point. Analyst Ben Reitzes, calling […]
Sandisk stock is on fire this year.
WDC rides AI-driven storage demand, pricing gains and a streamlined business, but can its restructuring and growth drivers keep the rally going?
Sandisk has been on an absolute tear since splitting from Western Digital.
US stocks are expected to extend losses on Wednesday after oil prices spiked following an exchange of strikes between the US and Iran that led to President Donald Trump declaring the ceasefire "over". Dow Jones futures were down 1.1%, with S&P 500 futures pointing to a 0.9% drop, while...
Stock Market Today: The Dow Jones index dropped Wednesday after Trump declared the ceasefire is "over." Micron and Sandisk dived.
Wall Street’s bearish price targets for the stocks in this article signal serious concerns. Such forecasts are uncommon in an industry where maintaining cordial corporate relationships often trumps delivering the hard truth.
The most profitable quarter in the memory industry's history just knocked the sector's stocks lower.
President Donald Trump’s investment accounts just put a familiar artificial intelligence trade next to a less obvious one. That doesn’t mean Trump himself did the trading. According to the source, external parties handled the accounts, and outside managers made the buying and selling choices. ...
Western Digital (WDC) just shifted across multiple Russell indexes, moving out of several value and midcap benchmarks and into large cap growth indexes that emphasize companies tied to AI infrastructure spending. See our latest analysis for Western Digital. Western Digital’s recent index moves come after a volatile stretch where the stock logged a 1 day share price return of 7.14%, a 30 day share price return of 12.85%, and an 85.11% 90 day share price return. The 1 year total shareholder...

Despite a record quarter, Samsung's (005930.KS) preliminary earnings results are causing volatility in the memory sector, just ahead of SK Hynix's (000660.KS) Friday IPO. Yahoo Finance Senior Business Reporter Ines Ferré takes a closer look in the video above.