On July 27, Western Digital rose 3.65% in pre-market trading, trading at $540.3/share, with turnover of $4.08 million, as the storage sector staged a broad-based rebound.

On the news front, strong AI infrastructure demand expectations continued to support storage sector sentiment. SK Hynix's chairman stated that AI semiconductor demand is projected to grow 60% to 100% year-over-year next year, with the supply-demand gap set to widen further. Morgan Stanley noted that Q3 data center memory prices are rising at least 25% quarter-over-quarter, highlighting memory as a key bottleneck in AI infrastructure buildout. Additionally, Western Digital recently unveiled its 100TB HDD roadmap at the World Artificial Intelligence Conference, advancing both HAMR and ePMR technologies with a target of achieving 100TB per drive by 2029, elevating market attention to its long-term AI storage positioning.

Within the Technology Hardware, Storage and Peripherals sector, peers also rallied: SanDisk up 4.15%, Seagate Technology up 3.40%, Super Micro Computer up 3.05%, and Dell Technologies up 2.27%.

(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.)