Aug 13, 2026 · 7 min
Memory-chip rally meets AI caution and Dubai’s urban blueprint
Closing Bell: Memory Chips Rise, Workday Soars, Hertz Tumbles
The episode connects sharp stock-specific reactions with broader signals from bond markets and the infrastructure demands of fast-growing cities.
- 1SanDisk’s long-term targets lifted memory-chip and storage shares, including Western Digital, Micron, and Seagate Technology.
- 2Workday surged on reports of a potential Silver Lake takeover, while Hertz fell after Pershing Square disclosed it had exited.
- 3Cisco’s AI data-center outlook disappointed investors as Dubai offered a contrasting case for technology-led, long-term urban planning.
Don't miss
Dubai’s rapid growth becomes a case study in how technology and long-term planning can shape urban infrastructure.
The brief
Memory-chip and storage stocks led the market’s gainers after SanDisk issued long-term targets, lifting attention across Western Digital, Micron, and Seagate Technology.
Workday surged on reports of a potential Silver Lake takeover, while Hertz dropped after Pershing Square disclosed it had exited its position.
Cisco moved lower after disappointing AI data-center sales expectations; Bloomberg Intelligence pointed to product gross margins as another possible concern.
Lower Treasury yields followed benign PPI and CPI reports, with the day’s 30-year Treasury auction adding another test of investor demand for government debt.
The closing segment turns to Dubai, where rapid population growth, technology, and long-term planning illustrate the promise and pressure of AI-enabled urban development.
What was said on this episode
13 statements · 9 positive · 4 negative
SanDisk shares rose 13.7% during the session.
“SanDisk alone was up 13.7%.”
Listen at 0:49
Western Digital shares rose more than 7% during the session.
“You've got Western Digital up more than 7%.”
Listen at 0:53
Micron shares rose more than 4% during the session.
“You've got Micron up more than 4%.”
Listen at 0:56
Seagate Technology shares rose nearly 5% during the session.
“And Seagate Technology up almost 5%.”
Listen at 0:59
Workday shares rose about 30% amid Silver Lake purchase talks.
“Shares jumping intraday high of about 30% after a Reuters report that private equity firm Silver Lake is in talks to purchase the software provider.”
Listen at 1:35
Cisco shares fell 8.4% during the session.
“Cisco system shares down 8.4%.”
Listen at 2:02
Hertz shares fell more than 16% during the session.
“Hertz shares just getting crushed today, down more than 16%.”
Listen at 2:34
StubHub’s full-year forecast disappointed investors.
“The company's forecast for the full year underwhelmed”
Listen at 3:18
Benign PPI and CPI reports increased hopes for a further bond rally.
“giving investors a little bit of hope here for a bit more of a bond rally.”
Listen at 3:52
The Treasury paid its highest 30-year auction yield since 2001.
“the Treasury had to pay up its highest yield. yield on a 30-year auction since 2001.”
Listen at 4:00
Dubai learned substantially from its sudden population increase.
“I think Dubai has learned a lot from a sudden increase in population”
Listen at 5:12
Dubai responded very effectively to its population increase.
“I think they reacted very well to it.”
Listen at 5:18
Dubai has a long-term urban-planning vision.
“They have a long-term urban planning vision”
Listen at 5:20
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.
Romaine Bostick
SanDisk
S&P 500Books & mentions
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