On September 24, Western Digital fell 3.17% in pre-market trading, trading at $459.7 per share, with turnover of $5.3583 million. The decline came as the broader storage chip sector extended a pullback that began the prior session, with all three major U.S. index futures trading lower — Dow futures down 0.35%, Nasdaq futures down 0.86%, and S&P 500 futures down 0.56%.

The storage sector had rallied sharply over the preceding week, driven by the memory supply-demand gap theme. Bank of America raised its DRAM average selling price forecast by 8%-12% and upgraded its global memory total addressable market estimate from $1.8 trillion to $2 trillion, projecting a 21% compound annual growth rate for DRAM and NAND sales through 2030. Supply-side constraints, including Korean semiconductor equipment component lead times extending more than twofold, further underpinned the rally. However, after sustained gains, profit-taking pressure emerged as risk appetite retreated amid weakening index futures.

Within the Technology Hardware, Storage and Peripherals sector, peers declined broadly: SanDisk fell 2.97%, Seagate Technology fell 2.44%, Super Micro Computer fell 2.9%, Dell Technologies fell 2.54%, and Apple fell 0.47%.

(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.)