Feed ExplorerThanks to Seagate, turning the tide at the critical moment, propping up the collapsing building, once again playing the role of the firefighting hero. The last earnings report also saved the storage sector, giving off a bit of that "fire brigade captain" vibe.
The news yesterday about OpenAI's revenue and user growth both missing expectations—whether it was Wall Street intentionally leaking it early or a real black swan event—almost crashed the storage sector. Whether it was a natural pullback following the news or Wall Street intentionally releasing this news during earnings season to suppress prices is unknown. The result is that Monday's gains weren't enough to cover Tuesday's losses. The strong upward trend driven by SK Hynix's epic earnings report was almost ruined.
Hoping SanDisk and Western Digital on Thursday will also be sharp and not lose face. Storage companies are all in the same boat now—they rise and fall together. Let's work together, To the moon!🌚
$Sandisk(SNDK.US)$Micron Tech(MU.US)$Seagate Tech(STX.US)$Western Digital(WDC.US)
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