Wisdom Chain (WDC) news

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.

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

Social Buzz: Wallstreetbets Stocks Mostly Lower Pre-Bell Wednesday; SpaceX, Micron to Fall

06:39 AM EDT, 10/07/2026 (MT Newswires) -- The most-talked-about stocks in the Reddit subforum Wallstreetbets were mostly lower hours before Wednesday's opening bell. SpaceX (SPCX) was down 2.2% in premarket activity, following a 0.5% increase from Tuesday's session. Micron Technology (MU) declined by 2.2% pre-bell, after a 1.7% fall in the previous session. Hundreds of workers at a Micron plant in Taiwan voted to strike following collapsed negotiations over bonus reforms, according to news reports. Sandisk (SNDK) was down 1.9% hours before market open, following a 2.6% fall Tuesday. Marvell Technology (MRVL) fell 1.5% pre-bell, after a 5.8% rise in the previous session. Advanced Micro Devices (AMD) was 1.3% lower in premarket hours, swinging from a 2.8% increase at Tuesday's close. Western Digital (WDC) declined by 1.2% premarket, after closing the pervious session with a 6.9% fall. Nvidia (NVDA) was 0.2% lower pre-bell, swinging from a 0.1% increase at Tuesday's close. Bucking the trend, Hertz Global Holdings (HTZ) advanced by 1.9% in pre-bell activity, following a 15% jump in the previous session.

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.

U.S. Stock Market Move: Western Digital plummeted on October 6 as Toshiba expands production, HDD competition intensifies, and there is a 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.

Western Digital Pushes in Court for Refund of IRS Interest -- WSJ

By Richard Rubin Attorneys for Western Digital argued Monday that federal law paused interest accruals on tax payments during the coronavirus pandemic, pressing a case that's being closely watched by large companies. "That command is clear and categorical," Jonathan Bond of law firm Gibson Dunn argued at the U.S. Court of Federal Claims in Washington. Other judges have determined that the law paused tax deadlines from January 2020 until July 2023. Western Digital's case is narrower than that but it's critical for companies with long-running tax disputes that started before the pandemic, some of which are still going. Western Digital contends that a 2019 statute about tax rules during disasters froze deadlines and interest accruals, which would shrink the bill the technology company paid in 2023 at the conclusion of a dispute over its 2008 tax return. Western Digital says the government owes the company a $20.8 million refund for interest it shouldn't have paid. The government is appealing a case about the length of the deadline extension and has warned that tens of billions of dollars are at stake. In the Western Digital case, the U.S. argues that any interest pause applies only to tax debts that arose during the pandemic, not to pre-existing tax debts. Judge David Tapp didn't rule from the bench on Monday, but he had much tougher questions for the government's attorney than he did for Western Digital's lawyers. This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). (END) Dow Jones Newswires October 05, 2026 13:13 ET (17:13 GMT)

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.

U.S. Stock Market Movement: Western Digital Surges on October 5 as Expansion Concerns Ease, HDD Storage Gains, and Sector Strengthens

Walker & Dunlop Arranges $630.6 Million in Loans to Refinance Property Portfolio

06:45 AM EDT, 10/05/2026 (MT Newswires) -- Walker & Dunlop (WD) said Monday that it has arranged $630.6 million in fixed-rate loans from Fannie Mae to refinance a portfolio of nine multifamily properties in the United States. The company said each five-year loan includes full-term interest-only payments and a 35-year amortization. The portfolio includes nine properties with 3,528 units across Florida, Arizona, Texas, Colorado, California, and Tennessee, Walker & Dunlop said.

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

NetApp Inc. Stock Rises 5.2%, Outperforms Peers

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

US Stock Market Moves | Toshiba reportedly plans to double HDD production capacity, Seagate Technology (STX.US) drops over 15% at the opening

US Stock Market Preview | All Three Major Index Futures Rise; Nonfarm Payroll Data Incoming; Toshiba HDD Expansion Plan Hits Storage Sector

On Friday, October 2nd, before the U.S. stock market opened, futures for the three major U.S. stock indexes all rose.

US stock storage chip shares fall pre-market, Seagate Technology down 11.4%, Western Digital down 7.1%

【U.S. Stock Market Movement】Western Digital plunged on October 2: Toshiba expands production + increased HDD supply + correction from highs

Micron Technology's Q4 revenue nearly quadrupled year-on-year, shares rise in pre-market trading

From HBM to DRAM and SSD, AI agent frenzy fuels surging storage demand! Micron (MU.US) earnings are up next, with the market anticipating a "major beat + buyback" package.

The financial report to be released by Micron, one of the three major original storage chip manufacturers in the United States, on Wednesday Eastern Time will serve as an important window to assess the progress of the storage super cycle and the unprecedented AI infrastructure frenzy.