Memory stocks were seeing a further boost on Wednesday, as upbeat commentary from two industry players suggested that booming demand for storage products could deliver financial benefits over an extended period.
Seagate
STX reported earnings on Tuesday afternoon, with management saying that the price per terabyte of storage could either stay flat or rise due to artificial-intelligence-driven demand for storage solutions in data centers. That talk stood out to Evercore ISI analyst Amit Daryanani.
Micron and other chip stocks are seeing a big boost after these comments
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Memory stocks were seeing a further boost on Wednesday, as upbeat commentary from two industry players suggested that booming demand for storage products could deliver financial benefits over an extended period.
Seagate
STX reported earnings on Tuesday afternoon, with management saying that the price per terabyte of storage could either stay flat or rise due to artificial-intelligence-driven demand for storage solutions in data centers. That talk stood out to Evercore ISI analyst Amit Daryanani.
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