Seagate Technology Holdings plc (NASDAQ:STX) closed at $848.99 on October 2, down 10.21% after Toshiba said it would spend to double its hard drive production capacity. Western Digital Corporation (NASDAQ:WDC) fell by almost exactly as much on the same news. Both had been among the best-performing stocks in the market. That is exactly why one competitor's spending plan mattered so much. READ ALSO: Is Lam Research, KLA, or Applied Materials the Best Chip Equipment Buy? Jim Cramer Weighs InToshiba Is Doubling Hard Drive Output. Seagate (STX) and Western Digital (WDC) Fell 10% Each. A Shortage Lasts Only Until Somebody Builds More: The rally in these two shares was never really about hard drives. It was about scarcity.
Mostramos la idea principal publicamente. Crea una cuenta gratis para seguir leyendo el articulo completo, guardarlo, comentarlo y conectarlo con contexto de mercados y OSINT.