On October 9, Western Digital fell 3.06% in regular trading, trading at $392.43 per share, with turnover of $1.795 billion.

The move extends a high-level technical pullback in the storage sector after Toshiba announced a ~60 billion yen investment to expand its Philippine HDD factory, aiming to double AI data center hard drive capacity by fiscal 2027. Although Morgan Stanley and Bernstein have argued the market overreacted—noting the ~30% annual capacity growth roughly matches industry supply growth and that Seagate and Western Digital have no plans to follow suit—profit-taking pressure on HDD leaders remains evident. Analysts have issued mixed target adjustments this week, with Susquehanna lowering its target to $460 from $525 while China Renaissance raised its target to $888 from $722.

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions globally, offering HDDs, SSDs, embedded flash products, and data storage platforms under the Western Digital, SanDisk, and WD brands.

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