Seagate's tested high-capacity drives and a forecast of continued HDD shortages support its business outlook. Toshiba plans more capacity, but its added 75 exabytes are smaller than the estimated 300-exabyte shortfall.
Customer testing gives Seagate evidence that large buyers can use its high-capacity drives. Morgan Stanley expects HDD shortages through 2028, and Toshiba's planned increase is only part of the estimated gap. The added supply could still limit Seagate's advantage.
Morgan Stanley offered a view that HDD supply will stay tight, but the story reports no change to its own business or results. This does not change Morgan Stanley's outlook.
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