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Yep, Western Digital said they were sold out of drives for all of 2026. Since 2026 is just starting, they haven't actually produced those drives or gotten actual money for them.
Hopefully the bubble pops soon, though I hate that Americans' 401Ks and IRAs will take the brunt of the "losses" when it does.
The whole thing is speculation because its based off the back of letters of intent, no real contracts for anything. Its all still, currently, smoke and mirrors until something is inked and someone gets paid (or atleast, finance agreed)
So right now, we're watching bullshit speculators sink the market. And/or restricted supply being used to milk us like cows.