Why Did Micron Stock Drop Today?
Key takeaways
- Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need.
- In a press release this morning, Western Digital said it is in the process of qualifying "high-capacity Ultrastar UltraSMR hard disk drives" for sale.
- In this brave new world, "durability and security" of data become more important than rapid data transfer, and hard disk drives become more useful (and cheaper) than solid-state drives.
MU WDC STX NVDA INTC Micron (NASDAQ: MU) stock fell 4.2% through noon ET Monday on some potentially worrisome news from hard disk drive specialist Western Digital (NASDAQ: WDC) -- and an unrelated announcement from Seagate Technology (NASDAQ: STX), which makes both HDDs and also solid-state drives, as Micron does.
Will AI create the world s first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Let s start with the WD news. In a press release this morning, Western Digital said it is in the process of qualifying "high-capacity Ultrastar UltraSMR hard disk drives" for sale. As WD sees it, AI is steadily moving to a world in which "compute-centric deployments," where large language models (LLMs) are first trained, then used to answer questions, become less important than remembering all the answers that have been given to all those questions.