Memory Stocks Lose Momentum Despite Strong Earnings

Shares of Sandisk, Micron, Seagate and Western Digital, among the market's biggest winners in the first half of the year on AI demand, have lost momentum. Strong quarterly results aren't helping the stocks recover.

• Sandisk, Micron, Seagate and Western Digital led the market in the first half
• Insatiable AI infrastructure demand for memory drove the rally
• Strong earnings reports have not restored the stocks' momentum