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.
Toshiba announced plans to double its hard disk drive (HDD) production capacity, targeting AI data center demand. This move caused Seagate's stock to drop 10% and Western Digital's by 7%, as both companies dominate the HDD market and have benefited f...
Seagate Technology's stock has surged over 230% this year due to strong demand for AI storage and record profit margins, with revenue rising 48.5% year-over-year to $3.63 billion in fiscal Q4. Despite this growth, the stock is rated a hold with a mod...
SK Hynix shares rose 3% to $187.13, outpacing U.S. rivals Micron and Seagate as demand for high-bandwidth memory (HBM) in AI infrastructure grows. The Roundhill Memory ETF, heavily weighted in SK Hynix and Micron, also gained 2%, while the broader ma...
Seagate Technology Holdings reported fiscal Q4 non-GAAP EPS of $5.71, beating consensus by $0.62, with revenue up 48.8% year-over-year and gross margin rising to 52.7%. The company’s growth is driven by strong cloud demand, disciplined pricing, and s...
