Western Digital Surges. How Memory Stocks Are Riding the OpenAI Scare. -- Barrons.com

Dow Jones04-29 16:50

By George Glover

Memory stocks were bouncing back on Wednesday after strong earnings from Seagate Technology signaled the artificial-intelligence boom is still driving up demand for data storage.

Hard-drive maker Western Digital jumped 9% to $426.35 ahead of the opening bell. Flash memory supplier Sandisk rose 4.9% to $1,051. Memory-chip maker Micron Technology added 2.6% to trade at $517.90, after D.A. Davidson initiated coverage at Buy with a $1,000 price target.

The three stocks tumbled on Tuesday after The Wall Street Journal reported that ChatGPT developer OpenAI had missed key growth targets, triggering a selloff in stocks linked to AI computing.

They looked set to make a swift recovery after hard-drive maker Seagate beat on earnings and sales and issued strong guidance for its fiscal fourth quarter, reassuring investors that data-storage demand remains strong.

Seagate's own shares rallied 17% to $678 in Wednesday's premarket.

Write to George Glover at george.glover@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

April 29, 2026 04:50 ET (08:50 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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VL \"A\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD"},"translate_title":"西部数据飙升。内存股如何驾驭OpenAI恐慌。——Barrons.com","themeId":"a36ee017356ba54e40a6b0684baed6c6","isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/0acac1da208818d33401a0165024de58","symbols_score_info":{"SNXX":0.6,"MUU":0.6,"WDCX":0.6,"MULL":0.6,"SNDK":1.88,"WDC":1.95,"MUD":0.6,"MU":1.87,"STX":1.94},"content_text":"By George Glover \n\n\n  Memory stocks were bouncing back on Wednesday after strong earnings from Seagate Technology signaled the artificial-intelligence boom is still driving up demand for data storage. \n\n\n  Hard-drive maker Western Digital jumped 9% to $426.35 ahead of the opening bell. Flash memory supplier Sandisk rose 4.9% to $1,051. Memory-chip maker Micron Technology added 2.6% to trade at $517.90, after D.A. Davidson initiated coverage at Buy with a $1,000 price target. \n\n\n  The three stocks tumbled on Tuesday after The Wall Street Journal reported that ChatGPT developer OpenAI had missed key growth targets, triggering a selloff in stocks linked to AI computing. \n\n\n  They looked set to make a swift recovery after hard-drive maker Seagate beat on earnings and sales and issued strong guidance for its fiscal fourth quarter, reassuring investors that data-storage demand remains strong. \n\n\n  Seagate's own shares rallied 17% to $678 in Wednesday's premarket. \n\n\n  Write to George Glover at george.glover@dowjones.com \n\n\n   This content was created by Barron's, which is operated by Dow Jones & Co. 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