On August 14, Western Digital rose 3.58% in regular trading, trading at $497.30/share, with turnover of $283 million, extending the oversold recovery trend following its earlier earnings-driven plunge.

On the news front, the storage chip sector rallied broadly, with SanDisk up over 7%, Micron Technology up 3%, and Seagate up over 2%. Global storage chip supply-demand imbalance continues to intensify, with long-term supply agreements expanding from the three major manufacturers to second- and third-tier players, reshaping pricing power across the supply chain.

Meanwhile, multiple investment banks raised their target prices on Western Digital: Bernstein raised to $770, Morgan Stanley to $676, and BNP Paribas to $700, providing sustained support for the recovery momentum. JPMorgan expressed optimism on memory demand, assigning an Overweight rating to SanDisk.

(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.)