Toshiba Doubles HDD Production for AI Data Centers by 2027

Key Takeaways

• Toshiba plans to double hard disk drive production by fiscal 2027, investing 60 billion yen in the Philippines to capture AI data center demand.
• Western Digital and Seagate shares fell on Toshiba expansion news, raising competitive concerns in the HDD market.
• Temasek, with $400 billion in assets, plans to raise AI investment allocation from 6% to 15% over five years, holding stakes in Anthropic, OpenAI, and Nvidia.
• SpaceX trades at 44 times sales estimates versus Palantir at 55 times, with analysts expecting faster growth for SpaceX.
• Nvidia trades at 24.6 times forward earnings with a 70% expected growth rate for fiscal year 2028, and Morgan Stanley says it is well positioned as the AI bottleneck shifts.
• Bank of America plans to double its AI budget next year and reviews every AI project across 16 risk areas.
• Applied Digital brought a 250 MW AI campus online in North Dakota, fully leased and contracted for 400 MW at full buildout.
• Coherent launched its PhotonLink AI data platform to help businesses process large data volumes faster.
• Senator Josh Hawley raised questions about who should be liable when AI causes harm in a Washington Post op-ed.
• AI use in political campaign ads grew from 21% in 2016 to 71% in 2020, often without public disclosure.

Toshiba plans to double hard disk drive production by 2027

Toshiba plans to double its hard disk drive production capacity by fiscal 2027 to meet growing AI data center demand. The company will invest about 60 billion yen to expand its facilities in the Philippines. Toshiba aims to increase its market share from 10% to 30% over the medium term. The expansion includes new lines for drives with 40% higher capacity and targets mass production of 65-terabyte drives by 2030.

Western Digital and Seagate stocks fall on Toshiba expansion news

Shares of Western Digital and Seagate Technology fell after a report revealed Toshiba is ramping up hard disk drive production for data centers. Toshiba plans to double its production capacity during fiscal 2027. The news raised concerns among investors about increased competition in the hard disk drive market.

Toshiba to double hard disk output capacity amid AI data centre demand

Toshiba plans to double hard disk drive production capacity by fiscal 2027 as AI demand grows. The company will invest about 60 billion yen to expand manufacturing in the Philippines. Toshiba aims to raise its market share from just over 10% to 30% over the medium term. The expansion includes new production lines for higher capacity drives and targets mass production of 65-terabyte drives by 2030.

SpaceX or Palantir: Which AI stock is the better buy?

Palantir and SpaceX are two popular AI stocks that investors are considering. SpaceX acquired xAI, the maker of Grok, making it a major AI player. xAI revenue grew 213% year over year last quarter, while SpaceX overall grew at 92%. SpaceX trades at about 44 times sales estimates, while Palantir trades at 55 times. Analysts expect SpaceX to grow faster than Palantir next year.

Nvidia is my top AI stock to buy in October

Nvidia is recommended as the top AI stock to buy in October because it is undervalued. The company expects a 70% growth rate for fiscal year 2028. Nvidia trades at 24.6 times forward earnings, which is low compared to its historical levels. If it meets expectations, the stock could more than double by the end of next fiscal year.

Bank of America and S&P Global discuss careful AI gains

Hari Gopalkrishnan from Bank of America and Sally Moore from S&P Global spoke at the Fortune AIQ Summit on October 1, 2026. Gopalkrishnan said Bank of America reviews every AI project across 16 risk areas and plans to double its AI budget next year. Moore said S&P Global bought AI company Kensho in 2018 and serves 60,000 clients. Both leaders stressed using the right tool for each job rather than rushing into AI.

Temasek confident in big tech AI spending despite risks

Temasek, Singapore's state investment firm with about $400 billion in assets, said it has no concerns about massive AI spending by big tech companies. Jane Atherton, head of North America, spoke at the Reuters Investment USA conference on October 1 and praised the strong balance sheets of AI infrastructure companies. Temasek plans to raise its AI investment allocation from roughly 6% to as much as 15% over the next five years. The firm holds stakes in Anthropic, OpenAI, Nvidia, BlackRock, and Mastercard.

AI use in political campaign ads grows without disclosure

Political campaigns and groups are spending tens of millions of dollars on ads that use AI, often without telling the public. A report by the nonpartisan group Issue One found that 71% of campaign ads used AI in 2020, compared to just 21% in 2016. Executive director Meredith McGehee said people are seeing things that did not happen because of AI-generated content. Some groups are starting to disclose AI use, but there is no standard for doing so.

Debate grows over who pays when AI causes harm

Senator Josh Hawley wrote an op-ed in the Washington Post on September 30, 2026, asking who should be held liable when AI causes harm. The article highlights ongoing concerns about accountability and responsibility as AI technology becomes more widespread. The debate centers on whether developers, companies, or governments should bear the burden for AI-related damage. This discussion reflects broader fears about the risks of rapid AI advancement.

AI cannot fix businesses with broken processes, expert says

Dessy Pavlova argues that companies often apply AI to messy operations instead of redesigning their processes first. NBER research found AI boosted support-agent productivity by 14% on average, but the technology helped people do their work rather than removing the need to understand it. Pavlova says businesses should map their entire customer journey and put humans at key decision points while letting AI handle the routine work. She believes the real power of AI lies in fixing the invisible systems that connect different parts of a business.

Coherent launches PhotonLink AI data platform

Coherent (COHR) introduced its new PhotonLink platform for AI-powered data processing. The platform uses advanced algorithms and machine learning to help businesses process large amounts of data faster. Coherent's stock has been rising steadily over the past few months. The company's revenue and net income have been growing, though its debt is also increasing. Investors should consider the financials and market conditions before buying COHR shares.

Applied Digital brings 250 MW AI campus online in North Dakota

Applied Digital (NASDAQ: APLD) added 75 MW of AI infrastructure at its Polaris Forge 1 campus in Ellendale, North Dakota. The second phase of Building 2 completed three 25 MW data halls, reaching full 150 MW critical IT load capacity. The campus now totals 250 MW of fully operational capacity. It is fully leased and contracted to deliver 400 MW at full buildout.

Nvidia well positioned as AI bottleneck shifts, Morgan Stanley says

Morgan Stanley says Nvidia (NVDA) is well positioned as the artificial intelligence bottleneck shifts from semiconductors. The shift opens new opportunities for Nvidia in the evolving AI market. The company's strong position could help it benefit from changing industry demands.

Sources

• Toshiba to double hard disk output capacity amid AI data centre demand
• Western Digital, Seagate Stock Slide On AI Hard-Drive Competition Report
• Toshiba to double hard disk output capacity amid AI data centre demand
• Better AI Stock: SpaceX or Palantir?
• Here's My Top AI Stock to Buy in October
• AI in regulated industries: BofA and S&P on the huge gains to be had, and the risks of rushing in
• Temasek Sees No Concern Over Massive AI Investment, Cites Strong Balance Sheets of Big Tech
• AI blurs lines in campaign ads: ‘People are seeing things that didn’t happen’
• Who should be held liable when AI causes harm?
• AI can't fix a business system with broken processes
• COHR Stock Leads AI Infrastructure Stocks Higher as Coherent Launches Data Optics Platform
• A North Dakota campus for artificial intelligence now has 250 megawatts online
• Nvidia Well Positioned as AI Bottleneck Shifts, Morgan Stanley Says