<div id="readability-page-1">What’s driving the drop?: Micron, Seagate, SanDisk and Western Digital fell again as executives warned of long production lead times amid surging AI-driven demand. Capacity crunch concerns: Seagate’s CEO said expanding factories risks overcapacity, while immediate supply is described as 'essentially zero' by industry observers. Long-term optimism: Analysts raised price targets on key chipmakers, citing long-term contracts and AI infrastructure growth as drivers for future gains.</div>

SNDK

<p>Memory stocks, including Micron, Seagate, SanDisk, and Western Digital, have declined due to long production lead times amid rising AI-driven demand. Seagate's CEO expressed concerns about potential overcapacity from factory expansions, while immediate supply is nearly nonexistent. However, analysts remain optimistic, raising price targets for key chipmakers based on long-term contracts and anticipated growth in AI infrastructure.</p>

- Micron, Seagate, SanDisk, and Western Digital experienced significant declines as executives highlighted extended production lead times due to increasing AI-driven demand.  
- Seagate's CEO expressed concerns about the risk of overcapacity from expanding factories, noting that immediate supply is "essentially zero."  
- Despite short-term challenges, analysts are optimistic about the long-term outlook for chipmakers, raising price targets based on future gains from long-term contracts and AI infrastructure growth.

Western Digital

Seagate Tech

Sandisk

Micron Tech

Direxion Semicon Bull 3X

Invesco Semiconductors ETF

Invesco PHLX Semiconductor ETF

First Trust Nasdaq Food & Semicon

iShares Semiconductor ETF

SPDR S&P Semicon

VanEck Semiconductor ETF

Roundhill Memory ETF

Sandisk - WI

Western Digital - WI

AI-driven chip demand strains supply as memory stocks slide