On August 10, Western Digital rose 3.34% in regular trading, trading at $451.77/share with turnover of $8.17 billion, extending the recovery trend following its prior oversold condition.

On the news front, the company previously reported Q4 fiscal year earnings that beat expectations across the board, but forward guidance failed to meet the market's elevated expectations for AI storage demand, triggering an approximate 13% single-day plunge followed by consecutive sessions of selling pressure. Following the earnings release, multiple investment banks maintained bullish stances and raised target prices: Bernstein lifted its target from $590 to $770, Morgan Stanley from $650 to $676, and BNP Paribas from $660 to $700. The stock had previously accumulated gains of approximately 200% year-to-date, with the post-earnings decline characterized as a profit-taking event rather than fundamental deterioration. Analysts noted the core tension in the storage sector is that market expectations had run excessively ahead of reality, and the current rebound reflects technical recovery supported by institutional conviction.

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