Western Digital, Seagate Drop on Toshiba AI Storage Expansion Fears
Western Digital and Seagate shares are falling as investors worry about potential competition from Toshiba's planned expansion into high-capacity HDD manufacturing. This move could impact the pricing power currently enjoyed by the two companies.
Investors are worried Toshiba may increase production of a key AI storage product, potentially pressuring the strong pricing power currently enjoyed by Western Digital and Seagate. Seagate Technology could face pressure from a reportedly planned expansion by Toshiba into HDD manufacturing.