Seagate, Western Digital Tumble on Easing Hard-Drive Shortage Worries
Shares of hard-drive makers Western Digital and Seagate Technology fell sharply following a report that Japanese rival Toshiba may ease its hard-drive shortage. The drop suggests investors are reassessing the impact of the AI boom on the sector.
Two of the biggest beneficiaries of the artificial-intelligence boom got a reality check on Friday, though it may also present an opportunity for patient investors. Shares of hard-drive makers Western Digital and Seagate Technology fell sharply after a Nikkei report that Japanese rival Toshiba…