Micron Commentary on Data Center/Memory Should Benefit Seagate (STX)/Western Digital (WDC) - Stifel

March 31, 2021 1:16 PM EDT
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Micron Technology (NASDAQ: MU) is expected to report earnings today and commentary on data center/memory "should" have positive ramifications for Seagate (NYSE: STX) and Western Digital (NYSE: WDC), according to Stifel analyst Patrick Ho.

"In our view, management’s expected commentary regarding data center/enterprise spending is likely to be positive (or at the very least an improving market environment), and this should translate favorably for our storage/HDD names," Ho commented.

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