Seagate, Western Digital Shares Drop On Toshiba AI HDD Capacity Report
Shares of Seagate (STX) and Western Digital (WDC) fell Friday following a report that Toshiba plans to expand its hard-disk drive capacity for AI applications. However, analysts from Morgan Stanley, Rosenblatt, and Citi largely maintained positive ratings on both stocks, suggesting the sell-off might be overdone.
Shares of Seagate (STX) and Western Digital (WDC) fell on Friday after a report said Toshiba plans to expand hard-disk drive capacity. Analysts at Morgan Stanley, Rosenblatt and Citi largely said the move was overdone and kept positive ratings on both stocks.