---
title: "Micron, Seagate, Western Digital Sink On Capacity Crunch Fears"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286901892.md"
description: "Micron, Seagate, and Western Digital stocks fell in premarket trading due to concerns over supply and capacity amid rising AI demand. Micron dropped 1.73% after a 5.95% decline, while Seagate and Western Digital also experienced significant losses. Analysts maintain a Buy rating for Micron, with a price forecast of $561.88, despite recent selloffs."
datetime: "2026-05-19T10:33:23.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286901892.md)
  - [en](https://longbridge.com/en/news/286901892.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286901892.md)
---

# Micron, Seagate, Western Digital Sink On Capacity Crunch Fears

**Micron Technology, Inc**. (NASDAQ:MU) stock fell in Tuesday premarket trading after closing down 5.95% in the previous session, as memory-chip stocks continued to face pressure from fresh supply and capacity concerns tied to rising artificial intelligence demand.

CNBC reported Monday that **Seagate Technology Holdings Plc** (NASDAQ:STX) stock dropped more than 6% after CEO **Dave Mosley** said building new factories or adding new machines "would take too long," raising concerns about the industry's ability to meet surging AI-driven demand.

## Memory And Storage Stocks Extend Selloff

Memory and storage stocks extended losses in Tuesday’s premarket trading after a sharp selloff in the previous session. **Sandisk Corp.** (NASDAQ:SNDK) fell 3.00% in premarket trading after closing down 5.30% Monday.

Seagate declined 1.73% in premarket trading following a 6.87% drop in the prior session. **Western Digital Corp.** (NASDAQ:WDC) slipped 2.27% before the open after falling 4.84% on Monday.

Micron remained in focus after investor Steve Weiss of **Short Hills Capital Partners** trimmed his position following the stock's recent rally, while maintaining a longer-term bullish stance on the memory-chip maker.

## Micron Earnings & Analyst Outlook

Looking further out, the next major catalyst for the stock arrives with the June 24, 2026 (estimated) earnings report.

-   **EPS Estimate**: $19.15 (Up from $1.91 YoY)
-   **Revenue Estimate**: $33.51 Billion (Up from $9.30 Billion YoY)
-   **Valuation**: P/E of 32.2x (Indicates premium valuation relative to peers)

**Analyst Consensus & Recent Actions:** The stock carries a Buy rating with an average price forecast of $561.88. Recent analyst moves include:

-   **DA Davidson**: Buy (Maintains forecast to $1000.00) (May 11)
-   **TD Cowen**: Buy (Raises forecast to $660.00) (April 28)
-   **DA Davidson**: Initiated with Buy (Forecast $1000.00) (April 28)

## Micron Price Action

**MU Price Action:** Micron Technology shares were down 1.73% at $669.72 during premarket trading on Tuesday, according to Benzinga Pro data.

_Photo via Shutterstock_

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## Related News & Research

- [Are Wall Street Analysts Bullish on Seagate Technology Stock??](https://longbridge.com/en/news/286772566.md)
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