On July 28, Western Digital fell 5.73% in pre-market trading, trading at $471.4/share, with turnover of $2.199 million. The storage sector continued its broad decline, with SanDisk down over 5% and Seagate Technology down over 4%.

On the news front, multiple bearish rumors surrounding the NAND industry that surfaced earlier continued to weigh on sector sentiment. Key concerns include reports that SanDisk signed a low-price long-term supply agreement with Meta, cloud vendors pressuring QLC eSSD pricing, and weakening procurement demand from Chinese cloud service providers. Although Wedbush raised its price target on Western Digital from $540 to $650, profit-taking across the storage sector remained evident, and the prior AI-demand-fueled rebound failed to sustain momentum.

Within the Technology Hardware, Storage & Peripherals sector, SanDisk fell 4.95%, Seagate Technology fell 4.16%, Super Micro Computer fell 3.96%, Dell Technologies fell 2.37%, while Apple edged up 0.28%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)