--- title: Memory and storage stocks keep sliding despite blowout... description: Memory and storage stocks are sliding even after strong earnings, as investors doubt how long debt-funded AI spending can last. Sandisk, Micron, Seagate and... canonical: https://daily.dev/posts/memory-and-storage-stocks-keep-sliding-despite-blowout-earnings-vnxjnstyq twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Memory and storage stocks keep sliding despite blowout earnings | daily.dev og:description: Memory and storage stocks are sliding even after strong earnings, as investors doubt how long debt-funded AI spending can last. Sandisk, Micron, Seagate and... og:url: https://daily.dev/posts/memory-and-storage-stocks-keep-sliding-despite-blowout-earnings-vnxjnstyq og:image: https://api.daily.dev/og/posts/Vnxjnstyq.png og:image:alt: Memory and storage stocks keep sliding despite blowout earnings og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Memory and storage stocks keep sliding despite blowout earnings **[The Next Web](https://daily.dev/sources/tnw)** · 2 min read · 0 upvotes · 0 comments ## Summary Memory and storage stocks are sliding even after strong earnings, as investors doubt how long debt-funded AI spending can last. Sandisk, Micron, Seagate and Western Digital were among the biggest winners in early 2026 but have been in the S&P 500's bottom 10% since the end of June. Sandisk and Western Digital are down more than 44% since the start of July, Seagate 33%, Micron 22%, despite all four still being up for the year. Western Digital beat forecasts with revenue up 55% to $4.38B but fell 3% anyway. Micron now trades at five times expected earnings versus about 19 for the index. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### Why are memory stocks like Micron and Western Digital falling even though their earnings beat expectations? Investors are doubting how long debt-funded AI infrastructure spending can continue, not questioning the current earnings themselves. Western Digital beat forecasts with revenue up 55% to $4.38 billion and raised its dividend 17%, yet shares still fell 3%. Portfolio manager Joe Tigay said the market is reassessing how long the earnings boom can last for these companies. _Anyone weighing AI-driven stock swings can track how infrastructure spending debates evolve on daily.dev._ ### How much have Sandisk, Micron, Seagate and Western Digital stocks dropped since July? Sandisk and Western Digital have dropped more than 44% since the start of July, Seagate 33%, and Micron 22%, even though all four are still up for the year, led by Sandisk's gain of almost 430%. All four had been among the S&P 500's biggest winners in the first half of the year before falling into its bottom 10%. _Readers tracking volatile AI-adjacent hardware stocks can follow the memory market story on daily.dev._ ## Similar posts on daily.dev - [AI chip stocks lost 12% in two days as investors hunted new winners](https://daily.dev/posts/ai-chip-stocks-lost-12-in-two-days-as-investors-hunted-new-winners-jgxockyul) · The Next Web · 1 upvotes · 1 comments - [Why Wall Street thinks US memory maker Micron is the next Nvidia](https://daily.dev/posts/why-wall-street-thinks-us-memory-maker-micron-is-the-next-nvidia-qa0ojpmro) · TechCrunch · 0 upvotes · 0 comments - [Memory makers SK Hynix and Micron join the $1-trillion club](https://daily.dev/posts/memory-makers-sk-hynix-and-micron-join-the-1-trillion-club-fftpdunkr) · TechCentral · 0 upvotes · 0 comments - [Hold on to Your Hardware](https://daily.dev/posts/hold-on-to-your-hardware-9nqouzuov) · Lobsters · 0 upvotes · 0 comments - [South Korean chip shares rally after Micron’s upbeat earnings](https://daily.dev/posts/south-korean-chip-shares-rally-after-micron-s-upbeat-earnings-z35qnrdew) · The Next Web · 0 upvotes · 0 comments --- Tags: [#ai-infrastructure](https://daily.dev/tags/ai-infrastructure), [#investing](https://daily.dev/tags/investing) [View this post on daily.dev](https://daily.dev/posts/memory-and-storage-stocks-keep-sliding-despite-blowout-earnings-vnxjnstyq) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Memory and storage stocks keep sliding despite blowout earnings","url":"https://daily.dev/posts/memory-and-storage-stocks-keep-sliding-despite-blowout-earnings-vnxjnstyq","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/memory-and-storage-stocks-keep-sliding-despite-blowout-earnings-vnxjnstyq"},"datePublished":"2026-10-27T13:12:52.115Z","dateModified":"2026-10-27T13:16:44.622Z","description":"Memory and storage stocks are sliding even after strong earnings, as investors doubt how long debt-funded AI spending can last. 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Western Digital beat forecasts with revenue up 55% to $4.38 billion and raised its dividend 17%, yet shares still fell 3%. Portfolio manager Joe Tigay said the market is reassessing how long the earnings boom can last for these companies. Anyone weighing AI-driven stock swings can track how infrastructure spending debates evolve on daily.dev."}},{"@type":"Question","name":"How much have Sandisk, Micron, Seagate and Western Digital stocks dropped since July?","acceptedAnswer":{"@type":"Answer","text":"Sandisk and Western Digital have dropped more than 44% since the start of July, Seagate 33%, and Micron 22%, even though all four are still up for the year, led by Sandisk's gain of almost 430%. All four had been among the S\u0026P 500's biggest winners in the first half of the year before falling into its bottom 10%. Readers tracking volatile AI-adjacent hardware stocks can follow the memory market story on daily.dev."}}]} ```