US Stock Market Movement | Storage Chip Concept Stocks Fall Across the Board, Seagate Technology (STX.US) Drops Over 7%

智通财经2026/10/06 14:51

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According to Zhitong Finance APP, storage chip concept stocks broadly declined on Tuesday. Seagate Technology (STX.US) dropped more than 7%, Western Digital (WDC.US) fell nearly 7%, SK Hynix (SKHY.US) was down 3%, and SanDisk (SNDK.US) lost over 2%. In terms of news, on October 6, Seagate was reported to be bidding against Toshiba for TDK’s hard disk drive head business, with the transaction value potentially reaching several billions of dollars. Increased uncertainty in the short term has arisen due to acquisition expenses, the effectiveness of integration, and changes in the competitive landscape of the supply chain. Following the announcement, both Seagate and Western Digital’s stock prices weakened.

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智通财经APP has learned that on Tuesday, storage chip concept stocks generally fell. Seagate Technology (STX.US) declined by more than 7%, Western Digital (WDC.US) fell nearly 7%, SK Hynix (SKHY.US) dropped 3%, and SanDisk (SNDK.US) slipped over 2%. According to reports, on October 6, Seagate and Toshiba were said to be competing to acquire TDK's hard disk drive head business, with the transaction amount potentially reaching several billion US dollars. The acquisition spending, uncertainties around integration effects, and changes in the supply chain competitive landscape have increased short-term uncertainty. Following the news, the stock prices of Seagate and Western Digital weakened simultaneously.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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智通财经•2026/10/07 07:06

Korean companies’ idle funds hit a record high in the second quarter, boosted by semiconductor exports and corporate profitability

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智通财经•2026/10/07 07:06