"Just a few weeks ago, the sky seemed to be the limit for memory chip makers. After all, the world is in the middle of a full-blown RAM shortage, which means memory chips are in high demand."
"This demand has caused the stock prices of four companies-Micron, SanDisk, Western Digital, and Seagate-to surge over the past six months, with performance that has been, simply put, eye-watering."
"For example, the least best-performing stock of the four companies is Seagate, but even its stock price has risen 53% in the past six months."
"Micron's stock price has performed even better, rising 92%. Western Digital is up even more, rising 109% over the past six months."
Investors in memory chip storage companies faced a challenging day as stocks for Micron, SanDisk, Western Digital, and Seagate dropped significantly. Previously, these companies experienced a surge in stock prices due to a global RAM shortage, leading to high demand for memory chips. Over the past six months, stock performance was impressive, with Seagate rising 53%, Micron increasing by 92%, and Western Digital achieving a 109% rise. However, recent declines have raised concerns about the sustainability of this growth.
Read at Fast Company
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