Seagate and Western Digital Lead Early Losses as Storage Stocks Slide

As seen on the 24/7 Wall St. homepage on October 2, 2026.

Biggest movers · On the open 9:50am ET

Gainers

ONON Semiconductor$85.07+6.2%
HOODRobinhood$118.02+6.2%
MARAMarathon Digital$11.9+6.2%
BEBloom Energy$293.61+5.8%
MSTRMicroStrategy$169.41+5.5%

Losers

STXSeagate Technology$805.97-14.8%
WDCWestern Digital$415.36-10.2%
LNGCheniere Energy$260.59-4.3%
APPAppLovin$270.73-3.8%
SNDKSanDisk$1,727.07-3.4%

Storage names are taking the brunt of the open, with Seagate down 14.8%. On the other side, ON Semiconductor leads the gainers, leaving the spread across this stock universe at roughly 21 points in a single session.

Continue ReadingShow less

Seagate Technology is the sharpest mover at the open on October 2, falling 14.76%, with Western Digital right behind it. The two names together account for a concentrated wave of selling pressure in the storage sector.

SanDisk is also in the red, and the selling is reaching storage-adjacent names, with AppLovin and Cheniere Energy rounding out the losers side of the session.

ON Semiconductor is the top gainer, up 6.23% at the open, with Robinhood and Marathon Digital close behind. Bloom Energy and MicroStrategy are also in positive territory.

The spread between the session's top gainer and its steepest loser runs to roughly 21 percentage points, which reflects an unusually wide dispersion for a single morning. Investors watching the storage space will want to track whether the selling in Seagate and Western Digital deepens or stabilizes as the session progresses.

Sources

Mentioned: STX, WDC, ON, HOOD, MARA, BE, MSTR, APP

Related Market Updates

PODCAST Mad Money w/ Jim Cramer Jim Cramer · 44 min

Oct 1, 7:13pm ET

Mad Money w/ Jim Cramer 10/1/26

Cramer still buys Palantir at $190 after the stock gained 60% in Q3 and stalled short of his $250 target
Salesforce, up 46.5%, called the better SaaS-apocalypse rebound than Veeva at 30 times earnings
Caterpillar's 24% Q3 profit taking framed as a buying chance on data center engine demand
IBM, down 22% on its miss, gets the wait-a-quarter rule; Home Depot stays hostage to rates

Cramer wants to add software as the bounce-back trade and the beaten-down industrial names tied to data center power. He also warns that rising rates are the real threat heading into earnings season in a couple of weeks.

PODCAST Mad Money w/ Jim Cramer Jim Cramer · 44 min

Sep 30, 7:11pm ET

Mad Money w/ Jim Cramer 9/30/26

Cramer calls housing frozen: the 30-year national average at 7.34% versus 3% five years ago
Lennar down 20% and KB Home down 17% year to date; Toll Brothers holds up on 25% cash buyers
Whirlpool suspended its dividend; Home Depot and Lowe's both hit 52-week lows
IPO and M&A pipelines stalled too, with Oura shelving a $2.2 billion offering

Mortgage rates at multi-decade affordability lows are draining builders, appliance makers and the home-improvement aisles at once, so holders are really running a single trade. Cramer says the group does not recover until the war ends, oil retreats and rate hikes come off the table.

APP AppLovin

Sep 30, 6:00pm ET

New 52-week low $290.43 -2.7% vs prior low · 2026-08-24

AppLovin just carved out a new 52-week low at $290.43, 2.73% under the August 24 floor. The $88.4 billion ad-tech name is trading below every level it held over the past year, so keep an eye on the stock.

Biggest movers · At the close Sep 30, 4:10pm ET

Gainers

AIC3.ai$11.01+6.4%
HPEHewlett Packard Enterprise$64.06+4.2%
HIMSHims & Hers$29.84+4.0%
INTCIntel$120.29+3.8%
ACNAccenture$183.31+3.5%

Losers

MRNAModerna$192.22-5.5%
MARAMarathon Digital$11.37-5.2%
APPSDigital Turbine$11.05-5.1%
APPAppLovin$290.93-4.8%
BEBloom Energy$278.25-4.5%

The tape spread nearly 12 points wide at the close: C3.ai finished up 6.43% at $11.01 while Moderna gave back 5.52%. Enterprise tech names took the top four gainer slots, and the losers skew toward high-beta momentum.

Biggest movers · At the close Sep 29, 4:10pm ET

Gainers

BEBloom Energy$292.34+11.2%
RCLRoyal Caribbean Cruises$260.42+7.3%
LITELumentum$972.47+5.5%
DUOLDuolingo$141.67+5.5%
AMATApplied Materials$512.29+5.2%

Losers

AMCAMC Entertainment$3.05-7.5%
DKNGDraftKings$19.62-7.3%
ASANAsana$8.28-4.2%
FUBOfuboTV$9.1-3.7%
SLBSchlumberger$49.63-3.6%

Bloom Energy closed up 11.21% at $292.34, the only double-digit gain in a 383-name priority list. The other end was just as loud: AMC and DraftKings both gave up more than 7%.

Biggest movers · On the open Sep 29, 9:50am ET

Gainers

BEBloom Energy$283.36+7.8%
RCLRoyal Caribbean Cruises$257.13+6.0%
AMATApplied Materials$506.36+4.0%
VRTVertiv$251.75+3.2%
GLWCorning$156.24+3.1%

Losers

IQiQIYI$0.98-4.8%
BUDAnheuser-Busch InBev$74.09-3.9%
SLBSchlumberger$50.02-2.9%
EQNREquinor$41.1-2.8%
BTIBritish American Tobacco$54.65-2.5%

Bloom Energy opened 7.79% higher, the widest move in a 383-stock board where nothing else on either side cleared 6%. Energy names sit on the losing end, with iQIYI the weakest at -4.81% and still under a dollar.

BE Bloom Energy

Regular session

Sep 28, 3:00pm ET

$265.52

-6.04% open $282.60

A 6% slide to $265.53 from a $282.60 open strips roughly $5 billion off a $78.2 billion market cap in a single session. Moves this size in a name this richly valued are worth tracking into the close.

Biggest movers · At the close Sep 25, 4:10pm ET

Gainers

ONON Semiconductor$77.19+5.5%
FNFabrinet$418.14+5.0%
DELLDell Technologies$561.77+4.8%
QCOMQualcomm$203.09+4.5%
SMCISuper Micro Computer$43.21+4.1%

Losers

ZSZscaler$193.43-9.9%
SSentinelOne$22.34-6.8%
IRENIren$44.11-4.4%
RBRKRubrik$109.41-3.9%
PANWPalo Alto Networks$375.02-3.8%

Chips and hardware took the top five slots at Thursday's close, led by ON Semiconductor's 5.52% gain, while every big decliner but one was a cybersecurity name. Zscaler's 9.88% drop to $193.43 was the worst in the group.

Biggest dividend payouts · Sep 24 Sep 24, 12:48pm ET

STX Seagate Technology

$168M $0.74 per share

2NEWTNewtekOne$0.19/sh$5.5M

Seagate is sending shareholders about $168.3 million, or 74 cents a share, with the money arriving October 7. NewtekOne is paying 19 cents a share, roughly $5.5 million, on October 1.

APP AppLovin

Regular session

Sep 21, 2:00pm ET

$329.76

+6.83% open $308.69

A 6.83% intraday run to $329.76 adds close to $7 billion of market value on a $100 billion company in one session. Moves this size rarely stay quiet here, so keep an eye on whether the close holds above the open.

Biggest movers · At the close Sep 18, 4:10pm ET

Gainers

MARAMarathon Digital$13.21+13.5%
SNDKSanDisk$1,787.02+10.7%
CIFRCipher Mining$18.27+7.9%
COHRCoherent$318.27+7.5%
IRENIren$46.53+7.0%

Losers

SMRNuScale Power$8.32-7.9%
IQiQIYI$1.01-7.7%
ASANAsana$9.45-6.4%
QCOMQualcomm$178.02-5.7%
GMGeneral Motors$82.35-4.9%

Bitcoin miners owned Thursday's close, led by Marathon Digital finishing 13.5% higher, with Cipher Mining and Iren both up 7% or more. Large-cap losses ran heavier than usual, with Qualcomm off 5.66% and General Motors down 4.93%.