Jun 16, 2026 · 5 min
Dave & Buster's slides on weak sales while Western Digital hits record high
Dave & Buster's Sinks, Western Digital Rises, SpaceX Gains on Cursor Takeover Days After IPO
The stark divergence between sliding retail entertainment sales and surging tech hardware highlights where institutional capital is moving in a volatile market.
- 1Dave and Buster's missed first-quarter comparable sales estimates, leading to a stock decline and analyst downgrades.
- 2Western Digital reached an all-time high driven by balance sheet improvements and a bullish Morgan Stanley target.
- 3SpaceX gained momentum following its acquisition of Cursor to boost its internal AI coding capabilities.
The brief
Dave and Buster's shares stumbled after the entertainment chain missed first-quarter comparable sales estimates, triggering an analyst downgrade as consumer spending patterns shift away from casual dining and arcade venues.
In contrast, Western Digital shares surged to an all-time high, propelled by significant balance sheet improvements and a highly bullish price target from Morgan Stanley analysts who see strong upside in the storage sector.
SpaceX is also capturing market attention, gaining momentum after acquiring the AI coding startup Cursor to rapidly bolster its autonomous software development capabilities just days after its public debut.
What was said on this episode
2 statements · 2 positive
Morgan Stanley raised Western Digital's price target to $650.
“Morgan Stanley also raised its price target on the company to $650 from $488”
Listen at 2:12
Hard-disk-drive shortages will cause major price and demand increases in coming years.
“that's set a really big price increase and an increase in demand in the coming years”
Listen at 2:36
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
Featuring
Judy LagrouMentioned
Dave & Buster's
Bloomberg L.P.Listen to the full episode and explore every guest, topic, and moment on PodLume.