On July 29, Western Digital fell 3.05% in pre-market trading, trading at 463.52 USD/share, with turnover of 7.1191 million USD.

On the news front, deepening market skepticism over the return prospects of large-scale AI infrastructure spending continued to pressure the storage chip sector broadly. NVIDIA previously announced a strategic partnership with South Korea's SK Group valued at over $500 billion, while also negotiating up to $250 billion in financing guarantees for OpenAI's data center leasing projects. The massive capital commitments have intensified concerns over AI investment payback timelines, triggering profit-taking across the sector.

Despite investment bank Wedbush previously raising its price target on Western Digital from $540 to $650 while maintaining an Outperform rating, sector-wide selling momentum has overshadowed positive individual catalysts. Within the Technology Hardware, Storage & Peripherals sector, SanDisk fell 2.18%, Dell Technologies declined 1.43%, while Seagate Technology rose 5.08% on strong earnings momentum.

(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.)