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Seagate, Western Digital Shares Sink on Toshiba Production Report
Memory stocks have been among this year’s hottest.Credit: CFOTO / Future Publishing via Getty ImagesKEY TAKEAWAYSToshiba reportedly plans to boost its hard-disk-drive capacity through a $380 million Philippines expansion.Seagate and Western Digital fell Friday, leading S&P 500 decliners.Two memory stocks took a hit today—hard. News out of Japan looks like one reason why.With AI-driven data storage demand soaring, Toshiba will reportedly double its production capacity for hard disk drives. The company will invest roughly $380 million to expand its facilities in the Philippines, according to a…
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