Changes in US stocks | Chip stocks changed from decline to rise Seagate (STX.US) rose more than 2%

The Zhitong Finance App learned that on Tuesday, the Philadelphia Semiconductor Index continued to rise by more than 1% intraday. Chip stocks changed from decline to rise. Seagate Technology (STX.US) once fell more than 2% during the intraday period. As of press release, it had risen more than 2%, while Western Digital (WDC.US), American Ultra Micro (AMD.US), Micron (MU.US), and TSM.US (TSM.US) had risen more than 1%.

According to the news, Morgan Stanley maintained its “Overweight” (Accumulation) rating for Seagate and Western Digital, and re-listed Seagate on Morgan Stanley's IT hardware “Top Pick” (Top Pick) list, with the target price rising from $1,187 to $1,200; for Western Digital, the target price dropped slightly from $676 to $643, but it was viewed as a more attractive tactical allocation and investment opportunity for risky assets before financial disclosure. The core judgment given by Morgan Stanley is that the HDD super upward cycle continues, and the stock price has previously been prematurely and excessively factored in profit peaking and intensifying price competition.