Western Digital Corporation (WDC) Stock: Slides on Toshiba’s $380M HDD Expansion

TLDR Western Digital stock drops 11.07% as Toshiba expands HDD production capacity. Toshiba plans a $380M investment to double Philippine HDD output by 2027. Toshiba targets 30% HDD capacity share from just over 10% currently. AI data centers are increasing demand for cheaper high-capacity HDD storage. Western Digital relies heavily on cloud customers for its [...]

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