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TradingKey - On October 2, Eastern Time, after Toshiba announced an expansion plan for data center hard disk drives (HDDs), Western Digital (WDC) and Seagate (STX) closed down 10.22% and 10.21% respectively on the day. The expansion plan sparked market concerns over increased future supply, HDD pricing, and…
Morgan Stanley, Rosenblatt, and Citi kept positive ratings on STX and WDC stocks, arguing that Toshiba’s plan is unlikely to close the industry’s supply gap.
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