Key Takeaways Memory stocks were among the decliners Thursday, part of a broad tech sell-off.One of them, Western Digital, is expected to report fiscal first-quarter results after Thursday’s close. Memory-stock investors may want to forget today.

Western Digital stock climbed late Thursday after the hard-disk drive maker reported fiscal first-quarter results.

Western Digital’s pricing power and outlook will be in focus as investors assess whether the hard-drive market’s upswing can continue.

The company reported a fiscal first-quarter profit of $1.78 billion as it capitalizes on growing data-storage demand tied to the build out of AI infrastructure.

U.S. stocks rose as strong earnings from Elon Musk’s SpaceX eased concerns about the profitability of the artificial-intelligence business, sparking gains for chip makers.

The U.S. stock market is gaining ground Wednesday as strong profit reports from SpaceX, Capital One Financial and other big companies offset updates from Netflix and AT&T that investors found disappointing.

Stocks were up with Nasdaq leading gains after SpaceX beat Wall Street’s expectations for revenue and teased a potential merger with Tesla.

The U.S. stock market is ticking higher as strong profit reports from SpaceX, Capital One Financial and other big companies offset updates from Netflix and AT&T that investors found disappointing.