Micron Stock Drops Amid News from Western Digital and Seagate Technology
Micron stock fell by 4.2% on May 18, 2026 due to news from competitors Western Digital (WDC) and Seagate Technology (STX). Western Digital announced plans for high-capacity hard disk drives that could shift demand away from SSDs, which Micron produces. Separately, Seagate's CEO expressed concerns about manufacturing capacity and potential overcapacity in the SSD market.
Topics: AI impact on storage Micron Seagate Technology SSD vs HDD market shift Western Digital