US Stock Moves | Major investment banks such as Morgan Stanley refute Toshiba expansion panic, Western Digital (WDC.US) and Seagate (STX.US) rebound sharply

智通财经2026/10/05 14:02

Show original

According to Smart Finance APP, on Monday, Western Digital (WDC.US) surged over 7% at the opening, and Seagate Technology (STX.US) rose more than 5%. In the previous trading day, the news of Toshiba expanding its hard drive production led to a sector pullback, with both stocks dropping more than 10%. Subsequently, Morgan Stanley and Bernstein released research reports countering market panic, stating that the market had overreacted to the news of Toshiba's production expansion and that the actual impact on industry supply was limited. They noted that AI agency tasks and physical AI are driving additional storage demand, the supply-demand tension in the HDD sector will persist, and maintained their bullish ratings on Seagate and Western Digital. Among them, Morgan Stanley named Seagate as its top pick.

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.