- Nikkei-cited reports say Toshiba plans to double its HDD capacity for AI data centers, with a ~$380M investment in its Philippines plant.
- Toshiba's goal is a 30% HDD share, up from just over 10%, and the plan targets capacity expansion by 2027.
- Seagate fell 10% to 12% intraday and Western Digital fell 7% to 10% on the report, per outlets cited by Centiview.
- Seagate's margins nearly doubled on scarce supply, and Centiview flags that a third large producer chasing the same AI data-center customers puts pricing at risk sooner than analysts expect.
- Seagate trades at a 55.9x P/E, above peers and the global tech average, per Simply Wall St.
Quotes
“Toshiba plans to double its hard-drive capacity for AI data centers, with ~$380M for its Philippines plant, aiming for 30% share from just over 10%.”