Data storage providers slide; report says Toshiba to double hard disk drive supply
02/10/2026 15:47
BUZZ- Data storage providers slide; report says Toshiba to double hard disk drive supply ** Shares of data storage providers decline after Nikkei reports that Japanese technology group Toshiba plans to double production capacity for hard disk drives used in AI data centers within fiscal 2027
** Western Digital's WDC.O shares fall 10.2% to $415.25, while those of Seagate Technology STX.O slide 11.3% to $838.41
** Toshiba competes with WDC and STX in the HDD market
** The Japanese player's share by storage capacity stands at just over 10%, but it aims to reach 30% in the medium term, according to the report
** Up to last close, WDC had risen ~169% and STX was up ~243%, this year
(Reporting by Jaspreet Singh in Bengaluru)
((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))
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