Western Digital and Seagate Technology Stocks Fall. Here's What Spooked Them.

Core Insights - Kioxia, a Japanese competitor, has reported a significant decline in profit compared to the previous year [1] Company Summary - Kioxia's profit has dropped sharply, indicating potential challenges in its financial performance [1] Industry Summary - The steep drop in profit for Kioxia may reflect broader trends in the semiconductor industry, particularly in the memory chip sector [1]