Seagate, Western Digital Stocks Slip in Toshiba Report

Shares of Seagate Technology (STX) and hard drive rival Western Digital (WDC) fell Friday morning, following a report that Toshiba is ramping up production of its drives. Japanese company Toshiba plans to double its production capacity for hard drives used in data centers in its 2027 fiscal year, Nikkei reported. The news clearly caused concern among investors in Seagate and Western Digital,…