OpenAI is reportedly negotiating to purchase up to five exabytes of data storage, equating to approximately 5 million top-tier iPhones, necessary for training AI models like ChatGPT. This surge in data demand has propelled memory companies such as Micron Technology and Western Digital to significant stock gains—Micron’s shares have risen over 700% in the past year. However, both companies have recently experienced stock price declines of around 20% and 26%, respectively, after reaching record highs.
As of July, Micron’s stock is outside its bullish trading window, with its next green days starting August 20. In contrast, Western Digital is currently within a favorable trading period, historically yielding gains 86.7% of the time through July 22. This seasonal trend analysis reveals potential investment opportunities amidst market corrections.
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