https://www.live-feeds.com/feed/seagate-stock-and-western-digital-tumble-as-investors-worry-ai-shortage-will-easeContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/seagate-stock-and-western-digital-tumble-as-investors-worry-ai-shortage-will-easehttps://www.live-feeds.com/feed/seagate-stock-and-western-digital-tumble-as-investors-worry-ai-shortage-will-ease#u105861Tue, 06 Oct 2026 08:56:22 +0000Seagate Technology and Western Digital shares suffered steep declines following reports that rival Toshiba plans to double its hard disk drive manufacturing capacity for artificial intelligence data centers. Seagate shares dropped between 11% and 13%, while Western Digital fell between 7% and 12% in the wake of the news. Investors panicked that increased competition from Toshiba would ease the severe AI storage shortage and pressure pricing power. Analysts suggested the market reaction was overdone, noting that nearline drive contracts for major players extend deep into 2027.Why it mattersHard