The Zhitong Finance App learned that on Monday, Western Digital (WDC.US) rose more than 7% at the beginning of the session and Seagate Technology (STX.US) rose more than 5%. On the previous trading day, news of Toshiba's hard drive production expansion triggered a correction in the sector's stock prices, and both stocks fell more than 10%. Subsequently, Morgan Stanley and Bernstein successively released research reports to refute market fears. Both agencies believed that the market was overreacting to Toshiba's production expansion news and that the actual supply impact on the industry was limited; AI proxy tasks and physical AI spawned incremental storage demand, and the tight HDD supply and demand pattern continued, maintaining Seagate and Western Digital's bullish ratings. Among them, Damo listed Seagate as the preferred target.

The Zhitong Finance App learned that on Monday, Western Digital (WDC.US) rose more than 7% at the beginning of the session and Seagate Technology (STX.US) rose more than 5%. On the previous trading day, news of Toshiba's hard drive production expansion triggered a correction in the sector's stock prices, and both stocks fell more than 10%. Subsequently, Morgan Stanley and Bernstein successively released research reports to refute market fears. Both agencies believed that the market was overreacting to Toshiba's production expansion news and that the actual supply impact on the industry was limited; AI proxy tasks and physical AI spawned incremental storage demand, and the tight HDD supply and demand pattern continued, maintaining Seagate and Western Digital's bullish ratings. Among them, Damo listed Seagate as the preferred target.