Western Digital is trading at $416.46, down 9.97%, 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 fell on the report, while the broader market was higher, suggesting this was an HDD-sector catalyst rather than a market-wide decline.
- No new Western Digital-specific announcement was identified; the reported catalyst is Toshiba’s industry expansion.