Today: 8 June 2026
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NASDAQ:WDC 2 May 2026 - 4 June 2026

Micron Drops as AI Memory Stocks Take a Hit

Micron Drops as AI Memory Stocks Take a Hit

Micron Technology plunged 8.3% to $989.46 after a chip-sector selloff triggered by Broadcom’s revenue miss, but analysts say the memory-chip shortage could last years, with Morgan Stanley raising its target to $1,050; risks remain as Raymond James warns DRAM and NAND prices may peak mid-2026, and supply chain groups caution AI data centers are straining chip availability.
4 June 2026
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Sandisk Stock Warning: The $1,150 SNDK Offer Investors Are Being Told to Reject

SanDisk’s Rally Pauses as AI Chip Names Hit Resistance

SanDisk shares plunged 5.7% premarket to $1,727.22 after a record close, as a selloff in AI chip stocks hit sentiment despite surging 672% year-to-date and reporting 97% sequential revenue growth; investors now weigh memory-chip shortage gains against risks of “chipflation,” customer pushback, and policy pressure, with Wall Street watching for updates at the June 9 Mizuho Technology Conference.
4 June 2026
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DRAM-focused ETF’s $13 Billion Run on AI Memory Sets Up Market’s Tightest Chip Trade

DRAM-focused ETF’s $13 Billion Run on AI Memory Sets Up Market’s Tightest Chip Trade

Roundhill Memory ETF (DRAM) drew $553.7 million in new inflows on May 29, pushing assets to $13.36 billion and ranking among the top 10 U.S. ETF daily creations, as investors pile into AI-memory exposure; DRAM traded near $68.09 late Tuesday morning, but faces risks from memory price swings, supply issues, and concentrated bets.
2 June 2026
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SanDisk’s 4,000% Stock Run Just Got a $3,250 Wall Street Target

SanDisk’s 4,000% Stock Run Just Got a $3,250 Wall Street Target

Susquehanna hiked its SanDisk price target to $3,250 as shares traded at $1,768.85, up $73.87. SanDisk posted Q3 revenue of $5.95 billion, up 251%, and forecasted up to $8.25 billion for Q4. Five long-term supply deals, including $42 billion in minimum revenue, underpin the rally. Analysts cite AI-driven NAND demand, tight supply, and new contracting as catalysts, but warn on risks if NAND prices or AI orders falter.
1 June 2026
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Dow Edges Up, Nasdaq Slips From Highs; Oil Drops

Dow Edges Up, Nasdaq Slips From Highs; Oil Drops

The Dow rose 0.51% while the S&P 500 was nearly flat and the Nasdaq slipped 0.07% late Wednesday morning, after both indexes set records Tuesday. Oil prices fell, lifting cruise and airline stocks but weighing on energy shares. Micron hit $1 trillion in market cap. Goldman Sachs raised its S&P 500 year-end target to 8,000.
27 May 2026
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Sandisk Stock Warning: The $1,150 SNDK Offer Investors Are Being Told to Reject

SanDisk AI rally has investors watching for what’s next

SanDisk shares traded at $1,478.69 before Tuesday’s U.S. open, down 4.1%, as investors questioned whether the company can sustain its AI-driven rally. The firm reported $5.95 billion in fiscal Q3 revenue, up 97% from the prior quarter, and expects up to $8.25 billion this quarter. SanDisk disclosed $41.6 billion in remaining performance obligations, mostly unbilled. CEO David Goeckeler cited a “fundamental inflection point.”
26 May 2026
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US Stock Market Today After Hours: Why the Dow Reclaimed 50,000 as AI Stocks Drove Wall Street Higher

US Stock Market Today After Hours: Why the Dow Reclaimed 50,000 as AI Stocks Drove Wall Street Higher

The Dow closed above 50,000 for the first time Thursday, rising 370 points as AI-driven gains lifted U.S. stocks to record highs. Cisco surged after raising its revenue outlook and announcing $9 billion in AI infrastructure orders, while Nvidia jumped 4.4% on U.S. approval to sell chips to China. Cerebras Systems soared 68% in its market debut. Not all chipmakers advanced, with Qualcomm, Intel, Sandisk, and Micron falling sharply.
15 May 2026
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US Stock Market Today After the Close: Hot CPI and Oil Reset the AI Rally

US Stock Market Today After the Close: Hot CPI and Oil Reset the AI Rally

The S&P 500 fell 0.4% and the Nasdaq dropped 1.2% from record highs after April CPI rose 0.6%, with energy accounting for over 40% of the increase. Chip stocks led declines as Intel slid 8.6% and Micron lost 6.1%. Brent crude jumped 3.6% to $107.97 amid U.S.-Iran tensions. Fed rate-cut bets for 2026 dropped sharply after the inflation data.
12 May 2026
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Sandisk Stock Hits Record High: Why the $245 Billion AI Storage Bet Is Getting Harder to Ignore

Sandisk Stock Hits Record High: Why the $245 Billion AI Storage Bet Is Getting Harder to Ignore

Sandisk shares closed at a record $1,562.34 on Friday, pushing its market value to about $245 billion. Fiscal third-quarter revenue jumped 251% to $5.95 billion, with data-center revenue up 645% to $1.47 billion. The company reported $41.6 billion in contracted sales not yet booked. Sandisk, spun out of Western Digital in 2025, now far surpasses its former parent in market value.
11 May 2026
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U.S. Stocks Hit Records This Week — Why the S&P 500 and Nasdaq Rally Survived the Oil Shock

U.S. Stocks Hit Records This Week — Why the S&P 500 and Nasdaq Rally Survived the Oil Shock

The S&P 500 and Nasdaq closed at record highs Friday, driven by AI stocks and a stronger April jobs report showing 115,000 new jobs and 4.3% unemployment. Nvidia gained 1.8%, while Micron and Sandisk surged over 15%. First-quarter S&P 500 earnings are set to rise nearly 29% year-over-year. Consumer sentiment fell to a record low as gas prices climbed.
9 May 2026
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Seagate Stock Rides AI Storage Boom as STX Rally Faces a Valuation Test

Seagate Stock Rides AI Storage Boom as STX Rally Faces a Valuation Test

Seagate shares closed at $782.64 Friday, near record highs, as investors bet on rising demand for hard drives in AI-driven data storage. The company last reported fiscal Q3 revenue of $3.11 billion and forecast Q4 revenue of $3.45 billion. Morgan Stanley raised its price target to $767, citing strong pricing and earnings. Seagate’s market value stood at $179.2 billion with a P/E ratio near 74.
9 May 2026
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Why Western Digital Stock Jumped Again as AI Storage Demand Meets a Sandisk Cleanup

Why Western Digital Stock Jumped Again as AI Storage Demand Meets a Sandisk Cleanup

Western Digital shares climbed 3.5% to $480 late Friday after the company agreed to exchange 653,203 Sandisk shares for 1,865,801 of its own stock, continuing its exit from the flash business. WD reported fiscal Q3 revenue of $3.34 billion, up 45% year over year, and forecast Q4 revenue midpoint at $3.65 billion. Sandisk stock jumped 16.5% to $1,562.34. WD cautioned on demand volatility and supply-chain risks.
9 May 2026
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Chip Stocks Roar Back: Why SMH, SOXX, EWT, EWY And Eaton Are Back In Focus

Chip Stocks Roar Back: Why SMH, SOXX, EWT, EWY And Eaton Are Back In Focus

The Philadelphia Semiconductor Index jumped nearly 5% Friday, driving AI-linked ETFs higher and sending the S&P 500 and Nasdaq to record closes. Nvidia advanced, while Micron and Sandisk rallied about 12%. Taiwan and South Korea chip ETFs also gained, with EWY up 7.4%. Eaton reported Q1 sales of $7.5 billion, up 17%, and raised its 2026 growth outlook.
8 May 2026
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Micron Stock Gets $740 AI Call as Mizuho Lifts Western Digital, SanDisk Bets

Micron Stock Gets $740 AI Call as Mizuho Lifts Western Digital, SanDisk Bets

Mizuho Securities raised price targets for Micron Technology to $740 and Western Digital to $550, citing surging AI-driven memory demand. Micron shares rose 4.2% premarket to $666.59, Western Digital gained 3.8% to $483.15. Analyst Vijay Rakesh projected Micron HBM revenue to reach $35.7 billion by 2028. Micron began shipping a 245-terabyte SSD for AI and cloud workloads.
7 May 2026
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Western Digital Stock Nears $500 as WDC’s AI Storage Boom Drowns Out Earnings-Drop Jitters

Western Digital Stock Nears $500 as WDC’s AI Storage Boom Drowns Out Earnings-Drop Jitters

Western Digital shares rose 6% to $469.44 Tuesday after reporting fiscal Q3 revenue up 45% to $3.34 billion and adjusted earnings of $2.72 per share, both above analyst estimates. The company raised its quarterly dividend by 20% and forecast Q4 revenue of $3.65 billion, also topping expectations. Cloud accounted for 89% of revenue. Peer Seagate reported Q3 revenue of $3.11 billion and guided higher for Q4.
5 May 2026
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Forget Big Tech: Data Storage Stocks Are Becoming AI’s Quiet Market Dark Horse

Forget Big Tech: Data Storage Stocks Are Becoming AI’s Quiet Market Dark Horse

Seagate shares rose 7.9% and Sandisk jumped 8.3% Friday, while Western Digital slipped 0.6%. Sandisk reported Q3 revenue up 251% to $5.95 billion and signed $42 billion in long-term supply deals. Western Digital’s Q3 revenue climbed 45% to $3.34 billion, topping analyst estimates. Seagate forecast Q4 revenue of $3.45 billion, citing AI-driven demand.
2 May 2026
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S&P 500 And Nasdaq Hit Records As Apple Rally Defies Oil Shock — For Now

S&P 500 And Nasdaq Hit Records As Apple Rally Defies Oil Shock — For Now

The S&P 500 and Nasdaq closed at record highs Friday, with the S&P 500 up 0.29% and the Nasdaq rising 0.89%, boosted by strong Apple earnings. The Dow fell 0.31%. Oil prices eased but remained above $100 a barrel, while Treasury yields stayed elevated. High-yield credit spreads neared multi-year lows as investors continued to buy risk assets despite ongoing tensions with Iran.
2 May 2026
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Stock Market Today

  • Top Analyst Warns 2026 Tech Bubble Mirrors 1999 Market Overvaluation
    June 8, 2026, 2:26 AM EDT. The Nasdaq's sharp drop on Friday signals cracks in the high-flying AI-driven tech rally, reminiscent of the 1999 dot-com bubble. Major AI-linked megacaps lost hundreds of billions amid fears of renewed Federal Reserve rate hikes and softer guidance from chipmakers like Broadcom. Analyst Owen Lamont from Acadian Asset Management highlighted soaring earnings forecasts as a bubble indicator, noting projected growth far exceeds historical averages, echoing the 2000 peak. Lamont and others, including JPMorgan CEO Jamie Dimon and Bridgewater's Ray Dalio, warn investors and Wall Street may be overleveraged amid unrealistic expectations. The current optimism and valuations risk disappointment if earnings fail to match forecasts, recalling the cautionary tale of the tech crash over two decades ago.

Latest articles

Snap Drops 5%—Ad Recovery Eyed Next

Snap Drops 5%—Ad Recovery Eyed Next

8 June 2026
Snap closed Friday at $5.76, down 5.11% amid a broad tech selloff triggered by a strong jobs report and renewed rate-hike worries, but still ended the week up 0.9%. Investors now await U.S. inflation data and CEO Evan Spiegel’s June 16 AWE keynote on Specs, as Snap faces pressure from weak North American ad revenue, tough competition, and activist demands for cost cuts.
Navitas’ Nvidia-Led Rally Stalls, Eyes on AI Trade Next Week

Navitas’ Nvidia-Led Rally Stalls, Eyes on AI Trade Next Week

8 June 2026
Navitas plunged $5.61 to $25.08 Friday as a $1.3 trillion chip selloff erased Nvidia-driven gains, despite news it issued 3.28 million shares for merger earn-outs and showcased its GaNFast power board at Nvidia’s AI MGX event; investors now face risks from share dilution, sector volatility, and Navitas’s early-stage pivot to high-power AI markets amid ongoing operating losses.
NIO Stock Drops Even as Deliveries Jump, Focus Turns to June Numbers

NIO Stock Drops Even as Deliveries Jump, Focus Turns to June Numbers

8 June 2026
NIO’s U.S.-listed shares plunged 5.8% Friday, erasing a delivery-led rally, as investors focus on whether June sales can hit the company’s Q2 target after May deliveries rose 62.3% to 37,705. NIO needs 42,939–47,939 June deliveries to meet guidance, with risks from China’s saturated car market and recent price pressure.
HPE Stock Faces AI Rally Test With Monday In Focus

HPE Stock Faces AI Rally Test With Monday In Focus

8 June 2026
Hewlett Packard Enterprise plunged 8.36% Friday to $49.20, capping a three-day slide and erasing gains after a post-earnings surge, even as it raised its fiscal 2026 revenue growth outlook to 29%-33% and boosted non-GAAP EPS guidance, with analysts warning that rapid gains may have priced in too much hope too quickly.
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