Better Buy: Western Digital vs. Micron
Western Digital (NASDAQ: WDC) and Micron (NASDAQ: MU) both sell core components for PCs, servers, and mobile devices. WD is one of the world's top producers of HDDs (hard disk drives) and flash-based SSDs (solid state drives), and Micron is a leading vendor of DRAM and NAND (flash) memory chips.
Both companies struggled this year as the COVID-19 crisis disrupted supply chains, consumer sales of PCs, and enterprise demand for servers. That slowdown also disrupted the cyclical rebound in memory chip prices, which were expected to recover this year after stabilizing in late 2019.
As a result, WD's stock plunged nearly 50% this year as Micron's stock tumbled almost 20%. So is either tech stock worth buying after those steep declines?
Source Fool.com
