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Memory stocks have tanked, but BofA says the sharp sell-off is overdone [Yahoo! Finance]

Seagate Technology Holdings PLC - Ordinary Shares (Ireland) (STX)  More Company Research Source: Yahoo! Finance
Last seagate technology holdings plc - ordinary shares (ireland) earnings: 4/22 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: seagate.com/investors/overview
Bank of America said the sell-off is overdone and that robust AI capex is a bullish indicator. The analysts flagged Micron stock, which is trading at the low end of its historic valuation. Memory stocks have had a rough week with several names, like Micron , seeing double-digit declines. Yet, Bank of America analysts told clients that the sell-off is overdone. Google announced advancements in compression technology that make AI computing more efficient and lower the demand for memory chips. The announcement sent memory stocks, including Micron, Sandisk Western Digital , and Seagate Technology , tumbling. Bank of America analysts reminded clients in a Friday note that their view is that "AI capex remains the ultimate proof point of AI spend/demand, not efficiency measures." Google's new tech, TurboQuant, reduces the memory required to run AI inference by up to six times without sacrificing accuracy," they explained. The fear driving the sell-off in memory stocks is that th [Read more]
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Stockreport

Memory stocks have tanked, but BofA says the sharp sell-off is overdone [Yahoo! Finance]

Seagate Technology Holdings PLC - Ordinary Shares (Ireland)  (STX) 
More Company Research Source: Yahoo! Finance
Last seagate technology holdings plc - ordinary shares (ireland) earnings: 4/22 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: seagate.com/investors/overview
Bank of America said the sell-off is overdone and that robust AI capex is a bullish indicator. The analysts flagged Micron stock, which is trading at the low end of its historic valuation. Memory stocks have had a rough week with several names, like Micron , seeing double-digit declines. Yet, Bank of America analysts told clients that the sell-off is overdone. Google announced advancements in compression technology that make AI computing more efficient and lower the demand for memory chips. The announcement sent memory stocks, including Micron, Sandisk Western Digital , and Seagate Technology , tumbling. Bank of America analysts reminded clients in a Friday note that their view is that "AI capex remains the ultimate proof point of AI spend/demand, not efficiency measures." Google's new tech, TurboQuant, reduces the memory required to run AI inference by up to six times without sacrificing accuracy," they explained. The fear driving the sell-off in memory stocks is that th [Read more]
IMPACT SNAPSHOT
EVENT TIME:
STX
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS