Western Digital Falls 10.20% After Toshiba’s AI Hard Drive Expansion Report

After-the-fact Expert

Western Digital fell 10.20% today as storage stocks reacted to a report that Toshiba plans to double hard disk drive production capacity for AI data centers. Morgan Stanley, Rosenblatt, and Citi maintained positive ratings on Western Digital and Seagate, arguing that the expansion is unlikely to close the industry’s supply gap. The key question is whether soaring AI-driven storage demand can continue to outpace new capacity.  For informational and educational purposes only. Not financial advice.  #WesternDigital #WDC #AIDataCenters #TechStocks

Transcript

00:00Western Digital fell 10.20% today. What happened?

00:05Western Digital makes hard disk drives used to store large amounts of data, including in AI data centers.

00:13Western Digital slid 10.2% as multiple Yahoo! reports tied the storage sell-off to Toshiba's reported plan to

00:23double hard drive production capacity.

00:25That extends the storage side of the technology split.

00:30Morgan Stanley, Rosenblatt, and Seedy nevertheless kept positive ratings on Western Digital and Seagate, saying the expansion was unlikely to

00:39eliminate the supply gap.

00:42More on Toshiba capacity shock. Full recap linked.

00:45We'll see you next time.

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