Western Digital, Seagate rise as Wells Fargo cuts estimates on ‘very weak’ demand

Seagate Technology PLC headquarters in Silicon Valley

Sundry Photography/iStock Editorial by way of Getty Images

Western Digital (NASDAQ:WDC) and Seagate Technology (NASDAQ:STX) shares rose fractionally in premarket buying and selling on Friday even as Wells Fargo lowered estimates on the storage corporations, citing “very weak nearline hard-disk drive demand.”


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