📰 Seagate, Western Digital stocks are falling again on Tuesday: here’s why
Seagate Technology and Western Digital shares fell on Tuesday as investors assessed Toshiba’s potential expansion in the hard-disk drive market and a reported bidding contest for TDK’s magnetic-heads business. Bloomberg reported that Seagate and Toshiba are competing to acquire the hard-drive magnetic-heads unit of TDK, the only independent manufacturer of magnetic-recording heads. The deal could be worth several billion dollars, according to people familiar with the matter cited by Bloomberg. The report follows a Nikkei report that Toshiba plans to double production capacity for data-centre hard drives during its fiscal 2027. Seagate and Western Digital shares fell 10% on Friday following that report before recovering some of those losses on Monday. Seagate, Western Digital shares decline Seagate shares were down…
Source : Invezz
Time : 2026-10-06 17:47:57
Credit : ananthu c u
#stock_market
$PEOPLE $ROSE
Seagate Technology and Western Digital shares fell on Tuesday as investors assessed Toshiba’s potential expansion in the hard-disk drive market and a reported bidding contest for TDK’s magnetic-heads business. Bloomberg reported that Seagate and Toshiba are competing to acquire the hard-drive magnetic-heads unit of TDK, the only independent manufacturer of magnetic-recording heads. The deal could be worth several billion dollars, according to people familiar with the matter cited by Bloomberg. The report follows a Nikkei report that Toshiba plans to double production capacity for data-centre hard drives during its fiscal 2027. Seagate and Western Digital shares fell 10% on Friday following that report before recovering some of those losses on Monday. Seagate, Western Digital shares decline Seagate shares were down…
Source : Invezz
Time : 2026-10-06 17:47:57
Credit : ananthu c u
#stock_market
$PEOPLE $ROSE