Stocks of Western Digital and Micron have reached all-time highs due to growing demand for memory and storage in AI applications. Western Digital's CEO, Steve Milligan, mentioned the company is seeing strong demand for its memory and storage products in AI. The company's stock has more than doubled in the past year.
Western Digital reported Q3 FY2026 revenue of $3.34 billion, up 46% year over year. The company's stock jumped 7% after Morgan Stanley raised its price target by 33%. Seagate Technology also gained 5% as the AI storage trade broadened across the sector.
NVIDIA CEO Jensen Huang said that Meta is doing a better job of using AI for its business functions than any other company. Meta's AI-powered Advantage+ ad suite crossed a $60 billion annual run rate in 2025, tripling in seven months. Meta's full-year 2025 revenue came in at $201 billion, up 22% year-over-year.
The US venture capital market is at a critical turning point where massive AI companies are poised to reshape market liquidity. SpaceX's recent debut and upcoming OpenAI and Anthropic IPOs are expected to impact the venture market. Alphabet Inc. is in discussions with Samsung Electronics to manufacture part of its next-generation AI processor.
Enterprises are adopting AI-enabled platforms to capture value from product information. Product information management platforms are expected to be adopted by one-third of enterprises through 2027. These platforms help companies maintain a unified view of products and share consistent product data across supply chains.
Key Takeaways
["Western Digital's stock has more than doubled in the past year due to growing demand for memory and storage in AI applications.", 'Western Digital reported Q3 FY2026 revenue of $3.34 billion, up 46% year over year.', "Meta's AI-powered Advantage+ ad suite crossed a $60 billion annual run rate in 2025.", 'NVIDIA CEO Jensen Huang said Meta is doing a better job of using AI for its business functions than any other company.', 'The US venture capital market is at a critical turning point with massive AI companies poised to reshape market liquidity.', 'Upcoming OpenAI and Anthropic IPOs are expected to impact the venture market.', 'Alphabet Inc. is in discussions with Samsung Electronics to manufacture part of its next-generation AI processor.', 'Enterprises are adopting AI-enabled platforms to capture value from product information.', 'Product information management platforms are expected to be adopted by one-third of enterprises through 2027.', 'Yann LeCun left Meta and raised $1.03 billion to build a world-model alternative to large language models.']Western Digital and Micron stocks surge as AI trade heats up
Western Digital, Micron, and Sandisk stocks have reached all-time highs due to the growing demand for memory and storage in AI applications. Western Digital's CEO, Steve Milligan, mentioned the company is seeing strong demand for its memory and storage products in AI. The company's stock has more than doubled in the past year. Micron and Sandisk have also seen significant gains, with their stocks up 50% and 75% respectively in the past year.
Western Digital jumps 7% on Morgan Stanley's price target hike
Western Digital's stock jumped 7% after Morgan Stanley raised its price target by 33%. The company's stock reached a fresh all-time high. Seagate Technology also gained 5% as the AI storage trade broadened across the sector. Western Digital reported Q3 FY2026 revenue of $3.34 billion, up 46% year over year.
Western Digital stock jumps as AI trade reignites
Western Digital's stock jumped as the AI memory and storage trade reignited. The company's stock has been on a tear in recent weeks, with shares up over 20% in the past month. Western Digital's CEO, David Goeckeler, stated that the company is well-positioned to take advantage of the growing demand for AI memory and storage.
TTEQ's research-based AI stocks approach delivers YTD
The active ETF TTEQ has an innovation-centric investment strategy that has helped it deliver strong returns YTD. AI stocks are a big factor for investors right now, both as a boost and as a source of bubble-shaped risk. The right investing approach can harness that and potentially outperform other tech strategies.
TTEQ's research-based AI stocks approach delivers YTD
The active ETF TTEQ has an innovation-centric investment strategy that has helped it deliver strong returns YTD. AI stocks are a big factor for investors right now, both as a boost and as a source of bubble-shaped risk. The right investing approach can harness that and potentially outperform other tech strategies.
Meta uses AI better than anyone - NVIDIA CEO
NVIDIA CEO Jensen Huang said that Meta is doing a better job of using AI for its business functions than any other company. Meta's AI-powered Advantage+ ad suite crossed a $60 billion annual run rate in 2025, tripling in seven months. Meta's full-year 2025 revenue came in at $201 billion, up 22% year-over-year.
AI IPOs: Titans vs. Rising Stars in Venture Market
The US venture capital market is at a critical turning point where massive AI companies are poised to reshape market liquidity. SpaceX's recent debut and upcoming OpenAI and Anthropic IPOs are expected to impact the venture market. Capital remains concentrated in a handful of AI names, while much of the ecosystem remains constrained by higher rates and limited exit options.
Enterprises Embrace AI-Enabled Platforms to Capture Value from Product Information
Enterprises are adopting AI-enabled platforms to capture value from product information. Product information management platforms are expected to be adopted by one-third of enterprises through 2027. These platforms help companies maintain a unified view of products and share consistent product data across supply chains.
Alphabet in talks with Samsung for AI processors
Alphabet Inc. is in discussions with Samsung Electronics to manufacture part of its next-generation AI processor. The prospective plan involves a split manufacturing approach, where TSMC would produce the processor's core logic, while Samsung would handle the packaging and testing.
Yann LeCun leaves Meta to put $1.03B behind his LLM critique
Yann LeCun left Meta in November 2025 and raised $1.03 billion to build a world-model alternative to large language models. LeCun has been critical of LLMs, arguing that they cannot lead to artificial general intelligence.
Webull Rolls Out AI MCP Server As Retail Trading Habits Evolve
Webull has rolled out a Model Context Protocol (MCP) server that lets retail investors use natural language to access trading tools and place orders. The launch aims to bring AI-powered, context-aware trading capabilities to a broader set of Webull users.
Projects help companies leverage AI to tackle pressing business needs
Artificial intelligence is the common theme that connects the winners in the Business Products and Services category of 2026 World Changing Ideas. Winners include Xbow, Dewey Labs, and Manifold.AI, which are using AI to tackle pressing business needs.
Sources
- Western Digital, Micron, Sandisk hover at all-time highs as AI trade reignites
- Western Digital Jumps 7% on Morgan Stanley's 33% Price-Target Hike, Seagate Gains 5% as the AI Storage Boom Rolls On
- Western Digital stock jumps as AI trade reignites
- How TTEQ’s Research-Based AI Stocks Approach Has Delivered YTD
- How TTEQ’s Research-Based AI Stocks Approach Has Delivered YTD
- Nobody Is Using AI Better Than Meta: NVIDIA CEO Jensen Huang
- AI IPOs: Titans vs. Rising Stars in Venture Market
- Enterprises Embrace AI-Enabled Platforms to Capture Value from Product Information, ISG says
- Alphabet (GOOGL) In Talks With Samsung For Manufacturing Next-Gen AI Processors
- Yann LeCun Left Meta to Put $1.03B Behind His LLM Critique
- Webull Rolls Out AI MCP Server As Retail Trading Habits Evolve
- These projects help companies leverage AI to tackle pressing business needs
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