Mizuho analyst Vijay Rakesh has Buy ratings and price targets for MU, STX, and WDC. He predicts a rise in NAND contract pricing and growth in AI handsets and servers. Memory chip manufacturers are investing in advanced memory types to meet demand. HDD pricing outlook is stable. MU, STX, and WDC shares traded lower.
Sony to mass produce laser diodes, doubling HDD capacity to 30TB by May. Plans to invest $33M to expand facilities in Japan and Thailand. 22% sales growth reported.
The hedge fund dumped several stocks entirely in the fourth quarter, while trimming some of its biggest holdings, including Alphabet, a filing to the SEC said.