Hard-Drive Stocks Fall as Toshiba Plans to Make More

Shares of Seagate dropped 11% and Western Digital 7% on Oct. 2, Yahoo Finance reported, after Toshiba said it wants to nearly double production of hard drives for AI computer centers at its Philippines factory by 2027 versus 2025. Like a popular bakery facing a new rival, favorite stocks can fall fast when more supply is coming, in my view.