Micron (NASDAQ: MU) stock fell 4.2% through noon ET Monday on some potentially worrisome news from hard disk drive specialist Western Digital (NASDAQ: WDC) — and an unrelated announcement from Seagate Technology (NASDAQ: STX), which makes both HDDs and also solid-state drives, as Micron does.
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Western Digital news
Let’s start with the WD news. In a press release this morning, Western Digital said it is in the process of qualifying “high-capacity Ultrastar UltraSMR hard disk drives” for sale. As WD sees it, AI is steadily moving to a world in which “compute-centric deployments,” where large language models (LLMs) are first trained, then used to answer questions, become less important than remembering all the answers that have been given to all those questions.