{"id":267570,"date":"2026-06-08T13:42:00","date_gmt":"2026-06-08T17:42:00","guid":{"rendered":"https:\/\/news-you-need.com\/index.php\/2026\/06\/08\/western-digital-microchip-technology-and-seagate-shares-are-soaring-what-you-need-to-know\/"},"modified":"2026-06-08T13:50:20","modified_gmt":"2026-06-08T17:50:20","slug":"western-digital-microchip-technology-and-seagate-shares-are-soaring-what-you-need-to-know","status":"publish","type":"post","link":"https:\/\/news-you-need.com\/index.php\/2026\/06\/08\/western-digital-microchip-technology-and-seagate-shares-are-soaring-what-you-need-to-know\/","title":{"rendered":"Western Digital, Microchip Technology, and Seagate Shares Are Soaring, What You Need To Know"},"content":{"rendered":"

Western Digital, Microchip Technology, and Seagate Shares Are Soaring, What You Need To Know<\/a><\/p>\n

https:\/\/stockstory.org\/us\/stocks\/nasdaq\/wdc\/news\/why-up-down\/western-digital-microchip-technology-and-seagate-shares-are-soaring-what-you-need-to-know<\/a><\/p>\n

Publish Date: 2026-06-08 13:42:00<\/a><\/p>\n

Source Domain: stockstory.org<\/a><\/p>\n

What Happened? <\/h2>\n

A number of stocks jumped in the afternoon session after the broader semiconductor sector recovered from a sharp selloff during the previous trading session.\u00a0<\/p>\n

The decisive tone-setter was Nvidia CEO Jensen Huang, who described the previous week’s selloff as a chance to “buy at a discount,” adding that the AI revolution is still “at the beginning.” That framing, was enough to stabilize sentiment in a sector that had erased $1 trillion in market cap in a single session. <\/p>\n

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. <\/p>\n

Among others, the following stocks were impacted:<\/p>\n

Zooming In On Microchip Technology (MCHP)<\/h2>\n

Microchip Technology\u2019s shares are quite volatile and have had 16 moves greater than 5% over the last year. In that context, today\u2019s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. <\/p>\n

The previous big move we wrote about was 3 days ago when the stock dropped 6.4% on the news that the AVGO earnings overhang and the stronger-than-expected jobs report combined to drive one of the broadest global chip selloff of the year.\u00a0<\/p>\n

The damage spread globally: South Korea’s Kospi fell 5.5%, with Samsung down 6.4% and SK Hynix nearly 10%. European names followed: ASML fell 3.8% and Infineon lost more than 6%.\u00a0<\/p>\n

The mechanism is two-fold. Broadcom’s guidance miss reset expectations for the pace of hyperscaler AI chip spending, removing the sector’s most visible growth catalyst. The 172,000-payroll print then eliminated near-term rate cut hopes and introduced rate hike risk by year end per CME FedWatch. Semiconductor valuations, built on aggressive multi-year earnings assumptions, are acutely sensitive to these discount rate movements.<\/p>\n

Microchip Technology is up 41.5% since the beginning of the year, but at $92.04 per share, it is still trading 10.6% below its 52-week high of $102.92 from May 2026….<\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Western Digital, Microchip Technology, and Seagate Shares Are Soaring, What You Need To Know https:\/\/stockstory.org\/us\/stocks\/nasdaq\/wdc\/news\/why-up-down\/western-digital-microchip-technology-and-seagate-shares-are-soaring-what-you-need-to-know…<\/p>\n","protected":false},"author":1,"featured_media":267571,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/stockstory.org\/stockstory\/company-image\/WDC","fifu_image_alt":"","footnotes":""},"categories":[8],"tags":[],"class_list":["post-267570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/267570"}],"collection":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=267570"}],"version-history":[{"count":1,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/267570\/revisions"}],"predecessor-version":[{"id":267572,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/267570\/revisions\/267572"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/267571"}],"wp:attachment":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=267570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=267570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=267570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}