Memory and storage stocks keep sliding despite blowout earnings
Major memory and storage stocks have significantly underperformed the broader market in recent months. Companies including Sandisk, Micron, Seagate and Western Digital were among the year's best performers through early 2026 but have declined sharply since July. Even strong earnings results have not arrested the decline, with Western Digital falling despite beating forecasts. Market scepticism centres on concerns over whether the debt-financed AI infrastructure spending driving demand can be sustained long-term.
Key points
- Sandisk, Micron, Seagate, Western Digital in S&P 500 bottom 10% since July
- Reversal follows strong performance through early 2026
- Investor concerns over sustainability of AI-driven spending
- Strong earnings not sufficient to reverse declines
Summary and key points written by AI from the headline and a short excerpt, so they can be incomplete or wrong. The Next Web did the reporting; read the original for the full story.
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