Stock Track | Western Digital Plummets 5.37% Intraday as NAND Bearish Rumors Continue to Suppress Storage Sector

Stock Track

Jul 27

Western Digital shares plummeted 5.37% during Monday's intraday trading session, erasing earlier pre-market gains as broad-based selling hit the storage sector.

The decline was driven by lingering NAND industry bearish rumors that first surfaced on July 24, including reports of SanDisk signing a low-price long-term supply agreement with Meta, cloud vendors pressuring QLC eSSD pricing, and weak domestic CSP procurement demand. These concerns continued to weigh on sentiment, overpowering the storage sector's pre-market rebound.

Despite a bullish note from Wedbush Securities, which raised its price target on Western Digital to $650 from $540 ahead of the company's earnings report, the negative overhang persisted. Peer SanDisk plunged 8.18%, while Seagate Technology fell 1.97%, reflecting clear profit-taking and sector-wide weakness.

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These concerns continued to weigh on sentiment, overpowering the storage sector's pre-market rebound.</p><p>Despite a bullish note from Wedbush Securities, which raised its price target on Western Digital to $650 from $540 ahead of the company's earnings report, the negative overhang persisted. Peer SanDisk plunged 8.18%, while Seagate Technology fell 1.97%, reflecting clear profit-taking and sector-wide weakness.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WDC","symbol_name":"西部数据","start_time":0,"source_url":"","article_id":"1160683523","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1160683523","pubTimestamp":1785161794,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Western Digital shares plummeted 5.37% during Monday's intraday trading session, erasing earlier pre-market gains as broad-based selling hit the storage sector.The decline was driven by lingering...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"WDC":"西部数据"},"translate_title":"股票追踪|西部数据盘中暴跌5.37%，NAND看跌谣言继续打压存储行业","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/57ff44c473ad9f7d7cfd0fdd87567758","symbols_score_info":{"WDC":1},"content_text":"Western Digital shares plummeted 5.37% during Monday's intraday trading session, erasing earlier pre-market gains as broad-based selling hit the storage sector.The decline was driven by lingering NAND industry bearish rumors that first surfaced on July 24, including reports of SanDisk signing a low-price long-term supply agreement with Meta, cloud vendors pressuring QLC eSSD pricing, and weak domestic CSP procurement demand. 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