Western Digital's cloud business generates nearly 90% of its revenue, driven by growing AI data needs that boost demand for high-capacity hard drives. The company aims to reduce costs by about 10% annually through advanced UltraSMR and HAMR drives, potentially expanding profit margins. Although Toshiba's planned capacity expansion poses pricing risks, Western Digital's higher-capacity products and long-term customer agreements offer competitive advantages. Despite a 10% stock drop after Toshiba's news, Western Digital trades at a discount to peers and shows technical signs of an upward breakout, suggesting potential for recovery and growth.
Western Digital shares are down 10.22% at USD 415.29 as of Oct 03, 2026 19:21 WIB on Pluang, reflecting significant market reaction to recent news. Despite this drop, the stock maintains strong buying interest with 81% of Pluang orders favoring buys. The company’s market cap stands at $149.73 billion, highlighting its substantial presence in the tech sector as it navigates competitive pressures and growth opportunities.
On October 2, 2026, shares of Nexalin dropped 24.1% despite a new distribution deal, with no clear catalyst identified. Integra LifeSciences fell 21.2% after lowering its 2026 revenue outlook due to flooding disruptions. Western Digital and Seagate T...
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...
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...
