Western Digital Stock News

The recent selloff of both stocks has been “well overdone,” analysts say.

The AI trade is having a rough week.

Stock futures are mixed as investors digest earnings reports and await key inflation data; the September consumer price index report is due to be released this morning; Bank of America, Morgan Stanley and BlackRock each reported results; memory stocks are extending their recent slide amid worries about competition from China; and chip manufacturing equipment giant ASML posted a mixed report. He...

China's leading memory chipmaker ChangXin Memory Technologies, or CXMT, has reportedly made progress on new designs. And until a recent blockbuster IPO the company was little known outside of its home market.

Western Digital stock has slumped and moved into a bear market, mirroring the performance of other top companies in the memory industry. WDX was trading at $410, down by 50% from its all-time high, with the market capitalization falling from $258 billion to the current $148 billion.

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.

There's a bidding war for a maker of a key hard-drive component, according to Bloomberg.

Shares of Western Digital WDC and Seagate Technology rebounded on Monday as analysts assessed the potential impact of Toshiba's plans to expand hard disk drive (HDD) production. Western Digital shares rose 6.8% in Monday afternoon trading, while Seagate gained 5.9%.