https://www.live-feeds.com/feed/western-digital-seagate-stock-slide-on-ai-hard-drive-competition-reportContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/western-digital-seagate-stock-slide-on-ai-hard-drive-competition-reporthttps://www.live-feeds.com/feed/western-digital-seagate-stock-slide-on-ai-hard-drive-competition-report#u104797Tue, 06 Oct 2026 02:01:07 +0000Seagate and Western Digital shares fell sharply after reports that Toshiba plans to double its hard disk drive supply to address AI chip memory gaps. Seagate dropped 12% and Western Digital fell 10% as investors feared an easing of the AI storage shortage. However, shares later rebounded, with Western Digital jumping 7% and Seagate climbing 5% after Bernstein dismissed the supply scare as a storm in a teacup. Morgan Stanley, Rosenblatt, and Citi maintained positive ratings, arguing Toshiba is unlikely to close the industry supply gap.Why it mattersAI data centers require massive amounts of sto