Seagate Falls 11%, Western Digital 7% on Toshiba Supply Plan

Seagate fell 11% and Western Digital 7% on Oct. 2, Yahoo Finance reported, after Toshiba said it plans to nearly double output of data-center hard drives at its Philippines plant by fiscal 2027 versus fiscal 2025 to meet AI demand. When popular stocks face more supply, prices can drop fast, in my view.