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via seekingalpha.comTech & AI

Memory stocks jump as CoreWeave results lift AI sentiment

FROM THE WIRE · SEEKINGALPHA.COM

Shares of memory chipmakers and storage companies rose in premarket trading Wednesday after CoreWeave (CRWV [https://seekingalpha.com/symbol/CRWV]) reported third-quarter results and guidance that significantly exceeded Wall Street expectations. Micron Technology Inc. (MU…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishCoreWeave results above expectations strengthen sentiment toward AI infrastructure and memory chips.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Micron gained 6% in premarket trading Wednesday.
  2. 02Sandisk rose 8.5% and Western Digital climbed 6.3%.
  3. 03Bank of America says the memory upcycle could last through 2027.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Micron Technology, Inc.MUStock725.11 USDMarket closedtoday -1.10%Positive Sandisk CorporationSNDKStock859.99 USDMarket closedtoday -2.99%Positive Western Digital CorporationWDCStock289.20 USDMarket closedtoday -0.20%Positive Seagate Technology Holdings plcSTXStock501.62 USDMarket closedtoday -0.89%Positive CoreWeave, Inc. Class A Common StockCRWVStock48.73 USDMarket closedtoday -0.51%Positive SK hynix Inc.SKHYStock129.66 USDMarket closedtoday -3.51%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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