Seagate and Western Digital tumble as Toshiba says it will invest $380M to double hard-drive capacity by 2027

Seagate (STX) fell about 10% and Western Digital (WDC) about 8% after Toshiba said it will invest $380 million to double its hard-drive production capacity by 2027, easing the shortage that drove the two storage makers to record highs this year.

Detected & updated continuously · Source: Nebula