Shares of Western Digital and Seagate rose sharply after three Wall Street firms dismissed concerns about Toshiba's plan to double HDD production in the Philippines. Analysts from Bernstein, Citi, and Morgan Stanley agreed that the HDD market remains tight and Toshiba's expansion won't significantly ease supply constraints. Goldman Sachs prefers Seagate over Western Digital due to better supply discipline and technology, though Western Digital's stock outpaced Seagate's in recent trading. Investors will watch for further updates on Toshiba's expansion and upcoming earnings reports for these HDD makers.
Western Digital shares are up 5.52% on Pluang as of Oct 05, 2026 21:01 WIB, trading at USD 438.23. Seagate is also gaining, rising 5.70% to USD 897.42 on the platform. Meanwhile, SanDisk shows a slight decline of 0.28%, priced at USD 1,715.21 during the same period.
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, p...
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...
