Roundhill CEO Dave Mazza called the memory pullback a leverage-driven “shakeout and repositioning,” even as DRAM attracted fresh inflows.

A mix of high expectations, profit-taking, and a slight dip in valuations has sent S&P 500 stocks sputtering even after solid earnings reports.

SanDisk and Western Digital stocks inched higher overnight after two days of sharp losses, but analysts say moderating growth is beginning to raise red flags.

Today, Aug. 6, 2026, software and cloud names tumbled as investors question valuations while geopolitical tensions added fresh headwinds.

Western Digital delivered expanding margins and strong guidance, but extraordinary expectations left little tolerance for an ordinary beat.

Shares of AI darlings Western Digital and Sandisk fell. Sandisk’s forward guidance was slightly below previous analyst estimates, while Western Digital’s outlook was in-line with expectations. Western Digital declined 13%, while Sandisk dropped 7%.

Sandisk stock falls Thursday after a disappointing outlook from the memory maker seemed to overshadow strong fourth-quarter results.

Western Digital stock has posted a very large 3 year return while current valuation checks suggest the shares still screen as undervalued on both intrinsic value and market multiple views. After a sharp pullback in recent weeks and fresh news around long term AI storage demand, investors are weighing how much of the story is already reflected in the current price. Over the past 3 years, Western Digital has delivered a very large total return, which puts a lot of focus on whether the current...

Western Digital, Micron, SK Hynix and Samsung also moved lower.

The contracts that put a floor under its record margins also cap what rising memory prices can add.

Sandisk said pricing generated most of its recent revenue growth.

Sandisk Triggers AI Chip Selloff With Weak Outlook

The hard-drive maker reported better-than-expected earnings for its fiscal fourth quarter, but guidance disappointed.

Western Digital Crushes Earnings, But Investors Hit the Sell Button

The Dow Jones Industrial Average was down in late-morning trading Thursday, while the the S&P 500 an

The AI revolution is alive and well, and Western Digital stock is doing swell.

Western Digital Corp (NASDAQ:WDC) shares fell 11% Thursday after the data storage company reported fiscal fourth quarter results that beat Wall Street estimates, but its margin outlook fell short of the elevated expectations set by rival Seagate. Western Digital expects fiscal first quarter...

AI darlings Western Digital and Sandisk reported blockbuster results yesterday that showed that demand for data storage is alive and well. So why are earnings down in early trading? Sandisk's first-quarter guidance came in ever so slightly below analyst expectations.

Western Digital (NasdaqGS:WDC) says customers are already negotiating AI storage contracts that run through 2031. The company reports multi year discussions covering AI related storage needs, giving unusually long visibility into demand. Management highlighted that some agreements under discussion would secure capacity up to five years ahead for AI infrastructure customers. This kind of long horizon AI infrastructure planning is not unique to Western Digital, so it can be useful to compare...

WDC tops Q4 fiscal 2026 earnings and revenue estimates as strong storage demand lifts results and supports upbeat fiscal 2027 guidance.

Global stock markets were stuck in neutral Thursday as investors assessed the latest batch of corporate earnings, with tech firms back under pressure while awaiting developments over a potential US-Iran deal to reopen the Strait of Hormuz.Easing tensions in the Middle East and a potential US-Iran deal to reopen the Strait of Hormuz have helped keep a lid on oil prices and tempered inflation and rate hike concerns.

Western Digital's AI storage demand, pricing gains and higher-capacity products support another growth quarter and continued margin expansion.

Sandisk and Western Digital shares fell sharply Thursday, despite exceeding Wall Street’s quarterly sales and profit estimates.

Anxieties about the AI trade are front and center again Thursday morning. Tech stocks are under pressure after results from Sandisk and Western Digital – while both showing strong growth – failed to live up to investors’ lofty expectations. Shares of both data-storage companies fell sharply after markets opened, with Western Digital down more than 20%.

Aug 6 (Reuters) - The benchmark S&P 500 and the Nasdaq opened lower on Thursday, weighed by a drop in technology stocks as strong forecasts from Western Digital and Sandisk failed to impress, while

Memory stocks are cratering despite blockbuster earnings, and the reason reveals something uncomfortable about how much of the AI storage boom traders had already priced in before Thursday's open.

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock

During an interview with CNBC, Frasse said that the current downturn and volatility in chip and memory stocks is just a reversion to the mean more than anything else.

Memory stocks falter after guidance from Sandisk and Western Digital fails to meet Wall Street’s lofty expectations.

Western Digital stock fell sharply Thursday despite the hard-disk drive maker posting a big earnings beat for its fiscal fourth-quarter. The results may be overshadowed from what analysts called an even stronger report from rival Seagate Technology last week. Western Digital, which recently rebranded as WD, said late Wednesday that Q4 revenue jumped 44% year-over-year to $3.75 billion, helped by AI-driven demand in cloud data centers.

Shares fell more than 9% after an upbeat forecast failed to satisfy investors following the stock's threefold rise.

Stock Market Today: The Dow Jones index rises, while tech futures drop as AI stocks Sandisk and Western Digital plunge on earnings.

Wall Street was predicted to see a mixed open on Thursday, as another batch of technology earnings undermines confidence and apparent progress towards an Iran deal raises fears of yet another false dawn. Dow Jones futures were up 57 points, or 0.1%, with the blue-chip index on course to build...

Wall Street analysts made some dramatic moves on Thursday, slashing price targets by double digits on several high-profile names while upgrading others to buy. Find out which stocks got the most surprising treatment before the opening bell.

Investing.com - U.S. stock index futures hovered around the flatline on Thursday as investors awaited developments over a potential agreement to reopen the Strait of Hormuz, while renewed concerns over the sustainability of the artificial intelligence spending boom pressured technology shares.

Investing.com -- Equity research firm Summit Insights downgraded Western Digital to Hold, citing risks tied to the company’s shift to heat-assisted magnetic recording (HAMR) technology in its hard disk drive business.

Wall Street futures were mixed pre-bell Thursday as traders eyed tech enterprises cautiously, and ba

Data storage companies tumbled in premarket trading on Thursday after quarterly results from Sandisk and Western Digital failed to sustain momentum in an ‌industry that has become one of Wall Street's hottest bets this year. Shares of Sandisk ‌lost 9.2% to trade at $1,226.04, while Western Digital shed 14.6% and was last changing hands at $443.3. After the closing bell ​on Wednesday, both Sandisk and Western Digital forecast quarterly revenue that beat estimates compiled by LSEG, but fell short of high market expectations.

Technology shares linked to the artificial intelligence boom came under renewed pressure on Thursday, as another wave of corporate earnings prompted investors to take profits from some of the market’s biggest winners. The weakness spread across Asia before carrying into U.

Western Digital Corporation (NASDAQ:WDC) reported better-than-expected fourth-quarter results on Wednesday, surpassing Wall Street estimates for both earnings and revenue. However, the storage technology company’s shares fell more than 14% in premarket trading on Thursday as investors were left unimpressed by its forward guidance despite it exceeding consensus forecasts.

Shares dip after Sandisk and Western Digital fail to deliver the sort of knockout guidance investors are used to.

By Elizabeth Howcroft PARIS, Aug 6 (Reuters) - Investor sentiment rebounded on Thursday, as optimism about company earnings drove stock markets to new highs and traders interpreted a proposed deal

Aug 6 (Reuters) - S&P 500 and Dow futures were steady on Thursday after this week's record-breaking rally as investors awaited details on a Middle East peace deal, while Nasdaq futures slipped as

Investing.com - A selloff in Asian technology shares gathered pace on Thursday, following sharp losses in SpaceX and Advanced Micro Devices that renewed skepticism over the sustainability of returns from the AI investment boom.

Investors absorbed a wall of earnings reports, prospects of an imminent Strait of Hormuz deal, and fresh labor market data.

↘️ Western Digital (WDC): Shares in the data storage company fell more than 14% premarket despite a more than elevenfold increase in quarterly profit driven by AI storage demand. Sandisk (SNDK) shares also dropped in off-hours trading, falling 7%, despite reporting soaring revenue.

Networking stocks like Astera and Arista could be the next big winners as the AI boom continues.

Western Digital Corp. (NASDAQ:WDC) said artificial intelligence (AI) customers are already negotiating long-term storage agreements extending over the next five years, giving the company greater visibility into future demand as hyperscalers continue building AI infrastructure. Customers Seek Storage Agreements Through 2031 During the company’s fourth-quarter earnings call, CEO Irving Tan said Western Digital is in discussions with customers to extend long-term agreements beyond the current cycle

Western Digital (NASDAQ:WDC) reported fiscal fourth-quarter revenue and earnings above the high end of its guidance, citing strong demand for high-capacity hard disk drives, favorable pricing and growth in cloud storage needs tied to artificial intelligence workloads. For fiscal 2026, the hard driv