Shares of Seagate and Western Digital fell sharply after news that Toshiba plans to invest $400 million to double its hard disk drive production by 2027, targeting AI data-center storage demand. Toshiba currently holds just over 10% of the HDD market and aims to increase its share to 30%, intensifying competition in a market dominated by these three companies. This move could pressure Seagate and Western Digital's market shares and pricing, potentially leading to profit-taking after their strong gains this year.
Seagate shares dropped 11.28% to USD 838.92 on Pluang as of Oct 03, 2026 00:51 WIB, reflecting investor reaction to increased competition. Western Digital also fell 10.93% to USD 412.00 at the same time. Despite the sell-off, 81% of Pluang users remain buyers of both stocks, showing sustained interest in the sector.
Bank of America has raised its price target for Seagate Technology to $1,200 from $1,150, citing stronger-than-expected demand for hard disk drives (HDDs). The bank forecasts first-quarter fiscal 2027 revenue at the high end of Seagate's guidance, wi...
Micron Technology and Seagate Technology stocks have surged 221% and 155% respectively in 2026, driven by robust demand for memory chips and data center storage fueled by AI expansion. Micron’s strong revenue growth and multiyear supply agreements pr...
Shares of hard-drive makers Western Digital and Seagate Technology fell last week, but Morgan Stanley remains optimistic about their upcoming earnings reports. The firm expects both companies to deliver strong financial results and solid future guida...
Micron Technology's stock dropped nearly 30% from its 52-week high, falling below a $1 trillion market value despite a 379% revenue surge driven by AI data center demand. Analysts remain optimistic, expecting tight memory supply through 2028 and over...
