Seagate and Western Digital Shares Are Falling, What You Need To Know
Shares of Seagate (NASDAQ:STX) and Western Digital (NASDAQ:WDC) fell in the afternoon session as investors took profits from the chip sector's strong rally. This selloff was exacerbated by a South Korean brokerage lowering its Q2 earnings forecast for SK Hynix, citing its reliance on fixed-price HBM contracts. Renewed Middle East tensions also pushed oil prices higher, encouraging a shift to safer assets and contributing to the market's defensive positioning.
































