ChipsThe Next Webabout 2 hours ago
Memory Stocks Slide Despite Blowout Earnings
2 min read
Sandisk, Micron, Seagate and Western Digital stocks dropped to the S&P 500's bottom 10% since July, Bloomberg reported. Sandisk and Western Digital fell more than 44%, Seagate 33% and Micron 22%. Western Digital beat forecasts with revenue up 55% to $4.38B and raised its dividend by 17%.
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