On September 17, Western Digital rose 3.55% in regular trading, trading at $430.725/share, with turnover of $463 million, as storage stocks rallied broadly on deepening supply-side constraints across the global memory industry.

On the news front, delivery lead times for key components used in Korean semiconductor manufacturing equipment have more than doubled, further exacerbating supply bottlenecks. Citi previously forecast that global memory capital expenditure will surge 46.5% year-over-year to $80.4 billion in 2027, but noted that lengthy construction timelines mean even aggressive investment will struggle to close the supply-demand gap. Separately, a senior advisor to Micron Technology's CEO stated that the current memory shortage spans multiple market segments, with meaningful new supply not expected to begin ramping until 2028, adding that the company still sees no clear timeline for supply-demand rebalancing.

Within the Technology Hardware, Storage & Peripherals sector, storage names led gains broadly. Among individual stocks, SanDisk Corp. rose 6.19%, Super Micro Computer rose 6.43%, Seagate Technology rose 3.54%, Dell Technologies rose 2.95%, while Apple slipped 0.44%.

(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.)