Western Digital, ON Semiconductor, Tesla: Trending Tickers
10/31/2023 03:11
Western Digital (WDC) shares rose as the company announced plans to split into two independent businesses — one focused on hard disk drives for data centers and the other on flash memory for consumer devices. ON Semiconductor (ON) shares plunged after the chipmaker missed on fourth-quarter guidance estimates, citing softening demand in the automotive sector. Tesla (TSLA) shares slipped after its battery supplier Panasonic (6752.T, PCRFY) cut production of EV batteries in September, blaming slowing economic growth and weakening demand for electric vehicles globally. Yahoo Finance's Josh Lipton and Julie Hyman break down the details of today's trending tickers. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Western Digital (WDC) shares rose as the company announced plans to split into two independent businesses — one focused on hard disk drives for data centers and the other on flash memory for consumer devices.
ON Semiconductor (ON) shares plunged after the chipmaker missed on fourth-quarter guidance estimates, citing softening demand in the automotive sector.
Tesla (TSLA) shares slipped after its battery supplier Panasonic (6752.T, PCRFY) cut production of EV batteries in September, blaming slowing economic growth and weakening demand for electric vehicles globally.
Yahoo Finance's Josh Lipton and Julie Hyman break down the details of today's trending tickers.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.