On August 13, Western Digital rose 3.07% in regular trading, trading at $470.5/share with turnover of $296 million, extending the post-earnings oversold recovery trend.

On the news front, global storage chip supply-demand imbalance continues to intensify. Long-term supply agreements (LTAs) have rapidly spread from Samsung, SK Hynix, and Micron to second- and third-tier manufacturers including SanDisk and CXMT, with supplier pricing power fundamentally reshaping industry bargaining dynamics. Notably, Apple reportedly failed in attempts to negotiate lower procurement prices from CXMT, as Huawei and Xiaomi had already locked in capacity.

Meanwhile, multiple investment banks have collectively raised target prices: Bernstein from $590 to $770, Morgan Stanley from $650 to $676, and BNP Paribas from $660 to $700. In the options market, large-scale out-of-the-money put selling activity signals strong institutional confidence that the stock is unlikely to experience deep pullbacks in the medium to long term.

(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.)