On July 28, Western Digital fell 6.83% in regular trading, trading at $443.74/share, with turnover of $484 million. The storage sector saw broad-based selling pressure, with SanDisk down over 8%, Seagate Technology down over 9%, and Dell Technologies down over 10%.

On the news front, multiple bearish rumors surrounding the NAND industry continued to weigh on sentiment, including reports that SanDisk signed a low-price long-term supply agreement with Meta, cloud vendors pressured QLC eSSD pricing downward, and domestic CSP procurement demand remained soft. Additionally, ChangXin Memory's IPO brought substantial funding support for capacity expansion and technology iteration, directly threatening US storage companies' medium-to-long-term market share and pricing power. The industry price center is expected to gradually decline as domestic supply increases.

Despite Wedbush raising Western Digital's target price from $540 to $650, the sector showed clear signs of profit-taking, with the prior AI-driven rebound failing to sustain 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.)