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Why Western Digital and Seagate are seeing big stock drops today


Investors are worried that Toshiba will boost its production of a key AI storage product, potentially hurting the strong pricing power that Western Digital and Seagate currently enjoy.

bitcoin
Bitcoin (BTC) $ 84,643.00 1.53%
ethereum
Ethereum (ETH) $ 2,678.93 1.86%
tether
Tether (USDT) $ 0.999887 0.02%
bnb
BNB (BNB) $ 766.22 1.44%
solana
Solana (SOL) $ 119.62 1.81%
xrp
XRP (XRP) $ 1.49 2.49%
usd-coin
USDC (USDC) $ 0.999944 0.01%
tron
TRON (TRX) $ 0.335218 0.33%
polkadot
Polkadot (DOT) $ 1.15 5.63%
dogecoin
Dogecoin (DOGE) $ 0.092983 3.16%
avalanche-2
Avalanche (AVAX) $ 10.90 1.79%
cardano
Cardano (ADA) $ 0.245821 3.67%
shiba-inu
Shiba Inu (SHIB) $ 0.000006 3.59%
staked-ether
Lido Staked Ether (STETH) $ 2,265.05 3.46%
the-open-network
Gram (prev. Toncoin) (GRAM) $ 1.50 3.46%
chainlink
Chainlink (LINK) $ 14.11 2.11%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 76,243.00 3.12%
uniswap
Uniswap (UNI) $ 9.15 0.33%
bitcoin-cash
Bitcoin Cash (BCH) $ 310.26 1.38%
near
NEAR Protocol (NEAR) $ 4.71 6.23%
litecoin
Litecoin (LTC) $ 69.46 0.66%
internet-computer
Internet Computer (ICP) $ 3.32 0.48%
aptos
Aptos (APT) $ 0.795314 3.43%
leo-token
LEO Token (LEO) $ 9.01 0.43%
filecoin
Filecoin (FIL) $ 1.05 1.54%
dai
Dai (DAI) $ 0.999823 0.02%
blockstack
Stacks (STX) $ 0.36954 2.27%
cosmos
Cosmos Hub (ATOM) $ 1.68 3.08%
arbitrum
Arbitrum (ARB) $ 0.19763 3.81%
ethereum-classic
Ethereum Classic (ETC) $ 8.82 3.04%
render-token
Render (RENDER) $ 1.94 1.70%
immutable-x
Immutable (IMX) $ 0.195362 13.40%
bittensor
Bittensor (TAO) $ 290.32 6.24%
stellar
Stellar (XLM) $ 0.215092 3.43%
hedera-hashgraph
Hedera (HBAR) $ 0.101196 3.05%
crypto-com-chain
Cronos (CRO) $ 0.06622 4.26%
the-graph
The Graph (GRT) $ 0.02836 2.11%
okb
OKB (OKB) $ 120.14 1.52%
optimism
Optimism (OP) $ 0.130474 0.92%
kaspa
Kaspa (KAS) $ 0.042082 1.64%
injective-protocol
Injective (INJ) $ 7.70 2.57%
pepe
Pepe (PEPE) $ 0.000004 6.70%
Source: CurrencyRate