Why Western Digital and Seagate are seeing big stock drops today

🇺🇸 MarketWatch (US) —

AI Summary

Western Digital and Seagate shares fell as investors assessed the risk that Toshiba could increase production of a key AI storage product. Greater supply could weaken pricing power for the two U.S. drive makers.

Investors are worried that Toshiba will boost its production of a key AI storage product, potentially hurting the strong pricing power that Western Digital and Seagate currently enjoy.

Markets AI & Tech Western Digital Seagate Toshiba AI storage share prices supply competition

Read original source →