Close-Up Pieces
STX · SNDK · WDC · MU+ 0.04%Thursday, August 610 Min Read
Western Digital and SanDisk Both Beat, and Both Fell Hard
Western Digital beat estimates, guided above consensus, and fell 16%. SanDisk posted a record margin and fell 11%. What the market sold was not the quarter — it was the slope of the price curve behind it.
- +3STX · MU · SNDK · WDC− 2.12%
Monday, August 310 Min Read
China's CXMT Popped 466% on Its Debut; Memory Stocks Fell
China's largest memory chipmaker began trading in Shanghai on July 27 in a record IPO and closed its first session up 466%. Seven days later came word that it was negotiating a second plant in Beijing, and the entire memory shelf, from Micron to Seagate, sold off.