Changes in US stocks | Rumor has it that Toshiba plans to expand HDD production to double production capacity Seagate Technology (STX.US) fell more than 15% at the beginning of the session

The Zhitong Finance App learned that on Friday, US stock storage concept stocks declined, Seagate Technology (STX.US) fell more than 15% at the beginning of the session, and Western Digital (WDC.US) fell more than 10%. According to the news, according to Japanese media reports, Toshiba plans to invest about 60 billion yen to expand the HDD factory in the Philippines in an effort to double the hard drive production capacity for AI data centers by the 2027 fiscal year. For US HDD giants Seagate and Western Digital, the sharp expansion of production by competitors means that although AI data center demand for high-capacity HDDs is still growing exponentially, industry supply will also increase at the same time. The current tight supply and demand relationship may gradually ease around the end of this year. As a result, the market is worried that Seagate's future market share and bargaining power will be pressured.