In contrast to HP and Dell, both Seagate Technology and Western Digital jumped >6% following MU’s results [File]
| Photo Credit: REUTERS
Shares of Dell Technologies were down 3.2% with HP Inc. losing 3.5% on Thursday, missing out on a tech rally sparked by an outsized profit forecast from Micron Technology.
While strong AI-related demand for MU’s memory chips lifted many tech stocks and helped push the S&P 500 tech sector up 1.5%, the forecast deepened existing worries about rising costs and a scarcity of components for computer and server makers.
HP CEO Enrique Lores warned last month that higher memory chip prices were forcing the company to reduce memory configurations in the devices it sells and also increase product prices.
In contrast to HP and Dell, both Seagate Technology and Western Digital jumped more than 6% following MU’s results, reflecting strong AI-related demand for their storage devices
Published – December 19, 2025 09:39 am IST
