Stock Movers Data Storage Companies Get a Boost, Rivian Climbs, Lamb Weston Plummets
Dec 19, 2025
Jordan Fitzgerald, an equities reporter at Bloomberg News, shares insights on the stock market, focusing on chip, memory, and EV companies. He highlights how SanDisk and Micron gained thanks to rising AI demand, offering a positive outlook for tech stocks. Fitzgerald discusses Rivian's significant 10.7% stock increase driven by excitement over their new R2 SUV, while also shedding light on Lamb Weston's alarming 26% drop as market pressures mount. His analysis provides a gripping view of market dynamics in these key sectors.
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AI Drives Memory And Storage Rally
- Memory and storage stocks have surged amid renewed AI-driven demand in computing infrastructure.
- Jordan Fitzgerald highlights Sandisk and Micron as clear beneficiaries of the AI and chip subsector rally.
Concentrated Gains In Few Hardware Names
- Sandisk and Western Digital show extreme year-to-date gains as investors pile into AI-related hardware.
- Tim Stenovec notes Sandisk up 560% and Western Digital up 301% YTD, underscoring concentrated gains.
Rivian Rally Fueled By Autonomy And R2 Hype
- Rivian's stock jumped on optimism about its autonomy roadmap and a lower-cost R2 SUV.
- Jordan Fitzgerald credits the company's AI chip push and the anticipated R2 as catalysts for the rally.