Seagate Down 11%, Western Digital Down 7% on Toshiba Expansion Report

Seagate closed down 11% and Western Digital down 7% on Oct. 2, Yahoo Finance reported, after a report that Toshiba plans to double AI data-center drive capacity. Toshiba said it aims to nearly double Philippines output by FY2027 versus FY2025. Such crowded winners can fall fast on supply fears, in my view.