US Stock Market Move | Memory chip concept stocks fell broadly, with Seagate Technology Holdings PLC (STX.US) dropping over 7%.

On Tuesday, memory chip concept stocks fell broadly, with Seagate Technology Holdings PLC (STX.US) dropping over 7%, Western Digital Corporation (WDC.US) falling nearly 7%, SK Hynix (SKHY.US) declining 3%, and SanDisk (SNDK.US) dropping over 2%. On the news front, on October 6, Seagate was reported to be competing with Toshiba to acquire TDK's hard disk drive head business, with the deal amount potentially reaching billions of dollars; merger and acquisition spending, integration effectiveness, and changes in the supply chain competitive landscape increased short-term uncertainty, and following the release of the related news, Seagate and Western Digital Corporation's stock prices weakened in tandem.