WDC and STX rebound on concerns over Toshiba's HDD capacity expansion
STX Seagate Technology Holdings Plc
$887.09 +4.49%
View chart & analysis → - 1WDC shares rose approximately 1.7% before the US market opened on Monday after a 10.2% drop on Friday.
- 2Seagate Technology Holdings shares rose approximately 1.6% before the US market opened on Monday.
- 3Morgan Stanley stated that the HDD supply-demand gap is expected to be larger than Toshiba's potential capacity expansion through 2028.
So what's the key point?
Stock prices rose again following concerns that Toshiba might increase storage device production. Experts expect a shortage of products until 2028, which is positive for WDC and STX.
Source Stocktwits +1 · View original ↗
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