Aug 13, 2026 · 7 min
Memory-chip stocks surge as Workday takeover talks lift shares
Closing Bell: Memory Chips Rise, Workday Soars, Hertz Tumbles
The episode captures how company targets, acquisition speculation, and investor exits drove sharply different outcomes across the market close.
- 1SanDisk’s investor-day targets helped lift memory-chip names including Western Digital, Micron, and Seagate Technology.
- 2Workday shares surged after reports of private-equity takeover talks, making deal speculation a major market catalyst.
- 3Hertz fell sharply after Pershing Square exited its position, while Cisco declined on weaker AI data-center sales projections.
Don't miss
Workday shares surged after reports of private-equity takeover talks, making deal speculation the episode’s sharpest single-market catalyst.
The brief
Carol Massar opens with the market’s leading gainers, where SanDisk’s investor-day targets helped propel memory-chip and storage names including Western Digital, Micron, and Seagate Technology.
The episode then turns to Workday, whose shares jumped after reports of private-equity takeover talks, showing how acquisition speculation can quickly reshape a stock’s trading day.
Tim Stenovec covers the decliners, led by Hertz after Pershing Square exited its position, while Cisco fell on disappointing projections for AI data-center sales.
Romaine Bostick rounds out the close with StubHub’s market impact, completing a snapshot of how company news and investor positioning moved stocks in opposite directions.
What was said on this episode
5 statements · 3 positive · 2 negative
Silver Lake is reportedly in talks to purchase Workday.
“Shares jumping int high of about 30% after a Reuters report that private equity firm Silver Lake is in talks to purchase the software provider.”
Listen at 1:33
Birkenstock raised its full-year adjusted EBITDA forecast.
“Rallying after the footwear maker boosted its adjusted EBITDA forecast for the full year.”
Listen at 1:49
StubHub says FIFA caused ticketing problems affecting customers.
“StubHub says that was an issue with FIFA and now there are a lot of customers complaining about this.”
Listen at 3:26
Benign inflation reports increased hopes for a further bond rally.
“that benign PI report following up a 9 CPI report, giving investors a little bit of hope here for a bit more of a bond rally.”
Listen at 3:47
The Treasury paid its highest 30-year auction yield since 2001.
“the treasury had to pay up its highest yield on a 30 year auction since 2001.”
Listen at 3:58
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
Cisco Systems, Inc.Listen to the full episode and explore every guest, topic, and moment on PodLume.