Stacks (STX) news

Even ASML's strong earnings can't save it! U.S. chip stocks' slump intensifies, with industry index at risk of losing a trillion dollars in market value

The Philadelphia Semiconductor Index fell more than 4% intraday on Wednesday, heading for a six-day losing streak, which would mark its longest losing streak in nearly 17 months. Over the past six days, more than half of the index’s components have fallen at least 10%. ASML is positioned upstream in the semiconductor industry chain. Although strong demand for its lithography equipment indicates that chip manufacturers are still planning capacity expansion, it does not directly prove that the downstream customers of these chip makers will continue to purchase chips at the same pace. While the AI-driven rally has yet to be disproved, the market is raising the threshold for returns.

AI Trading Logic Shifts! From Japan and Korea to the US, Global Chip Stocks Plummet, Star IPOs Stalled, Changxin Technology Breakthroughs Raise Repeated Alarms

Among AI-related stocks that have risen significantly this year, storage chip stocks are particularly prone to profit-taking; under crowded trading and high valuations, new signs of competition are enough to trigger concentrated selling. According to Wall Street sources, Changxin Technology's 4F² DRAM architecture has provided investors with an opportunity to take profits. While its technological advancements are indeed significant, they should not be directly regarded as an immediate threat to existing manufacturers. The AI rally has not ended and may be entering its next phase, with investors focusing more on realizing profits rather than purely betting on infrastructure expansion.

US Stock Market Movement | Storage Sector Continues Downtrend, Western Digital (WDC.US) Falls Over 6%

US Stocks Move｜Storage Sector Declines in Pre-market, Micron Drops 5%, SK Hynix Falls Over 6%

Stacks Price Prediction: Can STX Reach $0.50 or Fall to $0.32 This Week?

U.S. Stock Market Moves: Seagate Technology plunges on October 13 due to Changxin competition, sector sell-off, and high-level correction

Musk on chip production: China's large-scale manufacturing capacity often exceeds the sum of all other regions worldwide

After ChangXin Memory Technologies announced a key breakthrough in DDR5 server memory, the Philadelphia Semiconductor Index in the US stock market fell 2.7% overnight, with shares such as Micron and SK Hynix ADR dropping collectively. Musk commented on this trend, saying that when China figures out the manufacturing method of a product, its ability to scale production often exceeds that of the rest of the world combined, and stated that "China seems to be rapidly conquering" general standard specifications such as LP5 and LP6.

The Misreading of the TDK Magnetic Head Competition Leads to Unjust Sell-off of Seagate (STX.US) and Western Digital (WDC.US)

Bernstein's research report points out that the market has overreacted to the ownership dispute over TDK's magnetic head business, resulting in a sharp decline in the stock prices of Seagate and Western Digital. Analysts believe that regulatory barriers, Toshiba's financial difficulties, and the high self-sufficiency rates of the two giants make the transaction risk controllable. Bernstein maintains an outperform rating and gives a target price.

US stock retail funds are flowing back into tech stocks; JPMorgan: Nvidia (NVDA.US) attracted $834 million last week, storage chip stocks are in favor

The latest research report released by JP Morgan shows that as the US stock market enters October, retail investors' trading sentiment has begun to improve, and funds are flowing back into the technology sector.

US Stock Movement | Chip Stocks Generally Fall, Intel (INTC.US) Drops Over 3%

On Thursday, chip stocks generally declined. Intel (INTC.US) fell over 3%, and SanDisk (SNDK.US) dropped nearly 3%.

US Stock Market Volatility | Chip Stocks Fall, Intel (INTC.US) Drops Over 3%

According to Zhitong Finance APP, chip stocks fell across the board on Thursday. Intel (INTC.US) dropped more than 3%, SanDisk (SNDK.US) fell nearly 3%, Micron Technology (MU.US) was down 2%, SK Hynix (SKHY.US) dropped nearly 2%, while Seagate Technology (STX.US), Qualcomm (QCOM.US), and Advanced Micro Devices (AMD.US) fell more than 1%.

HDD surges: Leading company expands production by 60 billions, why is the top tier competing for magnetic head manufacturers?

Overnight US Stocks | S&P 500 and Nasdaq Reach All-Time Highs, Storage Concept Stocks Plunge, SK Hynix (SKHY.US) Drops Over 6%

At the close, the Dow Jones Index rose by 253.32 points, or 0.49%, to 51,521.22 points; the S&P 500 Index increased by 45.03 points, or 0.58%, to 7,818.98 points; and the Nasdaq Composite Index gained 122.48 points, or 0.45%, to 27,599.79 points.

US Stock Market Moves | Storage Chip Concept Stocks Generally Fall, Seagate Technology (STX.US) Drops Over 7%

On Tuesday, storage chip concept stocks generally declined, with Seagate Technology (STX.US) falling more than 7% and Western Digital (WDC.US) dropping nearly 7%.

US Stock Market Movement | Storage Chip Concept Stocks Fall Across the Board, Seagate Technology (STX.US) Drops Over 7%

According 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.

US Stock Movement: Seagate Technology Plunged on October 6 Due to TDK Head Competition, Acquisition Uncertainty, and High-Level Correction

After Toshiba reported news of HDD production expansion, Morgan Stanley turned more bullish rather than bearish.

Morgan Stanley’s research indicates that the market has seriously overestimated Toshiba’s expansion scale — the doubling of capacity at its Philippines plant over two years translates to an annualized growth rate of about 30%, which is similar to the overall industry supply growth rate and far lower than demand growth. More importantly, channel checks show that Seagate and Western Digital have no intention of following suit with capacity expansion, and there are no signs of loosening in industry pricing.

Seagate and Toshiba Compete to Acquire TDK’s Hard Disk Drive Head Business, Transaction May Reach Several Billions of Dollars

Seagate Technology (STX.US) is engaged in fierce competition with Toshiba over TDK Corporation's hard disk drive (HDD) head business. According to sources familiar with the matter, Toshiba began negotiations with TDK in the spring, after which Seagate made a higher offer during the summer. They noted that the value of this acquisition deal could reach up to several billions of dollars. The winning bidder will control a key segment in the supply chain that plays a crucial role in the competitive HDD market, which is currently dominated by three companies. TDK is presently the only independent manufacturer of HDD magnetic recording heads, supplying not only to both bidders but also to Western Digital (WDC.US).

U.S. stocks ignore high yield warnings! Tech stocks lead gains, pushing the S&P 500 near historic highs

As investors largely ignored concerns arising from bond yields reaching multi-decade highs, tech stocks led the rally, pushing the S&P 500 close to its historical high.

US Stocks Movement | Investment Banks Such as Morgan Stanley Refute Toshiba Expansion Panic, Western Digital (WDC.US) and Seagate (STX.US) Rebound Sharply

On Monday, Western Digital (WDC.US) surged over 7% at the start of trading, while Seagate Technology (STX.US) rose by more than 5%.

US Stock Moves | Major investment banks such as Morgan Stanley refute Toshiba expansion panic, Western Digital (WDC.US) and Seagate (STX.US) rebound sharply

According to Smart Finance APP, on Monday, Western Digital (WDC.US) surged over 7% at the opening, and Seagate Technology (STX.US) rose more than 5%. In the previous trading day, the news of Toshiba expanding its hard drive production led to a sector pullback, with both stocks dropping more than 10%. Subsequently, Morgan Stanley and Bernstein released research reports countering market panic, stating that the market had overreacted to the news of Toshiba's production expansion and that the actual impact on industry supply was limited. They noted that AI agency tasks and physical AI are driving additional storage demand, the supply-demand tension in the HDD sector will persist, and maintained their bullish ratings on Seagate and Western Digital. Among them, Morgan Stanley named Seagate as its top pick.

Western Digital rises over 7% at the open, Seagate Technology up more than 5%

Western Digital rose more than 7% at the opening, while Seagate Technology was up more than 5%. Both stocks fell over 10% in the previous trading session.

US Stock Movement: Seagate Technology surges on October 5th; Limited impact from Toshiba’s expansion and strong HDD demand

Toshiba's expansion cannot shake the dominance of the two major hard disk manufacturers

Toshiba plans to increase hard drive production capacity; Seagate and Western Digital shares plunge

BUZZ - Data storage supplier stocks fall; reports say Toshiba will double hard disk supply

Toshiba plans to double HDD production capacity by fiscal year 2027; Seagate and Western Digital shares plunge.

Nvidia hits a new all-time high, AI computing power and tech sector stage a major rebound! Non-farm payrolls increase by only 29,000 + oil prices decline, Fed rate hike bets cool off significantly

Overall, the cooling of non-farm payrolls and the retreat in oil prices are creating a "valuation relief window" for AI computing power stocks and broader global tech stocks that rely on the DCF denominator-side valuation system.

U.S. Stocks Fluctuate | Toshiba Reportedly Plans to Double HDD Production Capacity, Seagate Technology (STX.US) Falls Over 15% at Market Open

On Friday, U.S. stock market storage concept stocks declined, with Seagate Technology (STX.US) falling more than 15% at the opening and Western Digital (WDC.US) dropping more than 10%.

U.S. stock market opens with Nasdaq up 1.2%; Tesla surpasses third-quarter delivery expectations with a 2.3% increase