Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
US Stock Market Movement | Storage Sector Continues Downtrend, Western Digital (WDC.US) Falls Over 6%

US Stock Market Movement | Storage Sector Continues Downtrend, Western Digital (WDC.US) Falls Over 6%

智通财经智通财经2026/10/13 13:52
Show original
```htmlGolden Ten Data APP reports that on Tuesday, the storage sector continued to decline, with Western Digital (WDC.US) and Seagate Technology (STX.US) dropping over 6%, while Micron Technology (MU.US), SanDisk (SNDK.US), and SK Hynix (SKHY.US) fell more than 5%. According to news, over the weekend, Dr. Kan Yu Cao, President of ChangXin Memory, announced at an industry event that the company has made key progress in the next-generation 4F² memory cell architecture and plans to launch DDR5 server memory products based on this architecture by the end of 2026. This announcement has intensified market concerns about Chinese manufacturers accelerating their penetration into the high-end storage chip market. The logic behind the sell-off is clear: if Chinese manufacturers can enter the high-end storage chip market previously dominated by US and South Korean enterprises at lower costs and larger scale, the profit margins of these companies will face significant compression.```
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

No rate hike in October, another move in December? Fed's "slow rate hike" path against inflation emerges, all eyes on Waller's speech next week

The Federal Reserve is set to announce its latest interest rate decision next Wednesday. The market generally expects the central bank to keep the federal funds rate unchanged, which would signal its patience in combating inflation.

智通财经•2026/10/24 06:56
No rate hike in October, another move in December? Fed's "slow rate hike" path against inflation emerges, all eyes on Waller's speech next week