Tech
Seagate and Western Digital Sink About 10% on a Report That Toshiba Will Double Hard-Drive Output
Nikkei reported Toshiba plans to double HDD production by fiscal 2027. Both U.S. storage makers remain sharply higher for 2026 even after Friday's drop.
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By Tomás Videla
Oct 3, 2026 · 2 min read
Shares of Seagate Technology and Western Digital fell roughly 10% on Friday after Nikkei reported that Toshiba intends to double its hard disk drive production by fiscal 2027, a capacity expansion aimed at the same AI data center storage demand that has driven both U.S. companies' shares higher all year.
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Tomás Videla
Tomás writes about growth-stage companies, compensation and the private markets that fund them.
Tomás writes about growth-stage companies, compensation and the private markets that fund them.