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Dell Drops 6%, Western Digital Rises 5% as the Memory Boom Splits the AI Hardware Trade
Key takeaways
- Micron's blowout quarterly results sparked the memory rally, lifting San Disk alongside Western Digital as AI data center demand validates elevated storage valuations.
- Dell's gross margin compressed from 21% to 18% last quarter, and climbing memory costs threaten to deepen that squeeze heading into August earnings.
- Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Dell Technologies didn't make the cut.
Dell Drops 6%, Western Digital Rises 5% as the Memory Boom Splits the AI Hardware Trade David Moadel Fri, June 26, 2026 at 12:28 AM GMT+7 4 min read SNDK WDC MU DELL Quick Read Dell fell 6% and Western Digital surged 5%, splitting the AI trade between memory sellers gaining pricing power and assemblers absorbing higher costs.
Micron's blowout quarterly results sparked the memory rally, lifting San Disk alongside Western Digital as AI data center demand validates elevated storage valuations.
Dell's gross margin compressed from 21% to 18% last quarter, and climbing memory costs threaten to deepen that squeeze heading into August earnings.
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