🔴 Western Digital is trading 10% down today as Toshiba plans to double HDD production capacity

Western Digital is trading at $415.39 (-10.20%) after reports that Toshiba plans to invest about ¥60 billion to double HDD production capacity by fiscal 2027, raising concerns about future supply and pricing pressure.

• Seagate also declined, pointing to an industry-wide reaction to the planned expansion.
• The broader market was higher, so market strength does not explain Western Digital’s drop.
• The catalyst is competitive pressure in the HDD sector, not a company-specific announcement.