Memory and data storage shares tumbled Thursday, joining a wider tech retreat, as investors eye Western Digital’s upcoming earnings report amid worries over AI‑driven financing sustainability for the sector today.
Key takeaways
- Memory and data storage stocks fell amid a broad tech decline on Thursday.
- Western Digital and Seagate each lost over 7% before the close.
- The Roundhill DRAM ETF dropped roughly 5% in the same period.
- Western Digital, up more than 100% YTD, is expected to post $4.11 EPS on $4.16 bn revenue, with analysts noting AI financing concerns.
Memory and data storage stocks joined a broader tech sell‑off on Thursday, slipping as investors grew cautious across the sector.
Western Digital (WDC) fell nearly 7% while rival Seagate (STX) dropped more than 7% in early trade, reflecting the immediate impact of the market pullback.
Broad tech pullback hits memory sector
The Roundhill DRAM ETF (DRAM), which tracks memory‑related companies, was also down about 5% in the same session.
Despite the recent dip, Western Digital’s shares have more than doubled since the start of 2026, ranking among the S&P 500’s top performers, though analysts cite concerns over the sustainability of AI financing.
Western Digital’s upcoming earnings outlook
Analysts at Visible Alpha project the company will report adjusted earnings per share of $4.11 on revenue of $4.16 billion for its fiscal first quarter, to be released after the market close.
Frequently asked questions
Which memory and data storage stocks declined on Thursday?
Western Digital fell nearly 7%, Seagate dropped more than 7%, and the Roundhill DRAM ETF was down about 5%.
What earnings figures are analysts expecting from Western Digital’s upcoming report?
Analysts expect adjusted earnings per share of $4.11 on revenue of $4.16 billion for the fiscal first quarter.
Why have memory stocks pulled back despite strong year‑to‑date gains?
The pullback is linked to a broader tech sell‑off and concerns about the sustainability of AI financing.
Source: finance.yahoo.com
