- Evercore ISI analyst Amit Daryanani identified 6 top hardware and technology stocks to own for the second half of 2026, driven by robust artificial intelligence demand.
- The recommended picks include storage makers Seagate Technology and Western Digital, networking providers Amphenol, Arista Networks and Cisco Systems, and Apple.
- Strong fundamentals, tight storage supply, scaling technology platforms, networking refresh cycles, and upcoming product catalysts are expected to support continued outperformance and growth.
- U.S. stock index futures fluctuated in pre-market trading on August 19, 2026, as investors awaited the Federal Reserve's July meeting minutes and monitored retail earnings.
- Major retailers reported mixed results, with Target beating expectations and raising guidance, while Lowe's lowered its full-year revenue outlook.
- Semiconductor and energy markets experienced distinct movements, driven by SK Hynix's massive buyback plan and ongoing Middle East tensions affecting oil prices.
- Asian tech chip stocks experienced an overnight rout, with Micron falling 1.3 %, SanDisk and Seagate dropping 2.2 % each, and Western Digital declining 1.7 %.
- South Korea’s benchmark KOSPI tumbled 5.3 % to 6,558.41 after dropping up to 6.4 %, which triggered a brief trading halt.
- Market retail sentiment leaned bearish for MU, STX, SKHY, and WDC, while remaining bullish for SNDK.
- Western Digital Corp. stock fell 6.80% to $499.55 on Tuesday amid a broader technology and bond market selloff.
- The decline was driven by sympathy with peers following a denied South Korean semiconductor report and risk-off sentiment.
- Despite the near-term weakness, the stock remains up about 550% over the past 12 months with a consensus Buy rating.