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.

3 key takeaways

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

Carol Massaron Silver Lake–Workday acquisition talksPositive1:33
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
Carol Massaron BirkenstockPositive1:49
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
Tim Stenovecon StubHubNegative3:26
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
Romaine Bostickon Bond rallyPositive3:47
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
Romaine Bostickon 30-year Treasury auction yieldNegative3:58
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.