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 14:51According 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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