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via finance.yahoo.comMarkets

Memory stocks sold off after midterm wins revived AI regulation fears

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Investing.com — The AI trade usually rewards the chips that process data, but this week the companies that store it were dragged down fast. After Democratic midterm wins…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishDeclines in hard drive and memory makers reflect fears that AI regulation could slow storage demand.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Western Digital fell 13.5% on Thursday and is down 26.7% over the past month.
  2. 02Micron Technology sold off alongside the memory sector.
  3. 03The article argues that AI-generated data still requires storage, keeping hard drives cheap to use.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Western Digital CorporationWDCStock267.79 USD-4.04%today +0.06%Negative Micron Technology, Inc.MUStock696.31 USD-3.10%today +6.08%Negative Seagate Technology Holdings plcSTXStock466.25 USD-6.19%today -0.06%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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