Micron Stock Drops Amid News from Western Digital and Seagate Technology
Micron stock fell by 4.2% as news emerged that Western Digital is developing high-capacity hard disk drives, potentially shifting demand away from SSDs where Micron competes. Additionally, concerns were raised over potential semiconductor market overcapacity due to Seagate's manufacturing constraints.
Topics: AI data storage trends Micron Seagate Technology (STX) SSD vs HDD market dynamics Western Digital (WDC)