**OpenAI is reportedly in discussions to purchase up to five exabytes of data storage, a massive demand illustrated by the fact that one exabyte could hold approximately 5 million terabytes—enough for 1.25 billion high-definition movies. This increased demand aligns with a significant trend where about 70% of memory chips are being allocated to major tech companies like Microsoft, Alphabet, and Amazon, as they enhance AI data centers.**
**In the stock market, shares of memory and storage companies, such as Western Digital and Micron Technology, have experienced rapid growth—Western Digital’s stock soaring 800% over the past year and Micron’s rising over 700%. However, in June, Micron’s share price fell roughly 20% from its peak, and Western Digital dropped by 26%, raising questions about the sustainability of the AI bull market.**
**TradeSmith has identified key seasonal trends in stock performance; for example, Micron’s favorable trading window starts on August 20, historically increasing by an average of 4.1% during this period 80% of the time. In contrast, Western Digital’s “green days” occur from July 1 to July 22, rising 86.7% of the time over the past 15 years.**
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
