Movement Alert｜Western Digital Rises 3.96% in Regular Trading, Nvidia Rubin Memory Reduction Rumor Clarified Boosting Storage Sector Rebound

Market Focus

Jun 08

On June 8, Western Digital rose 3.96% in regular trading, trading at $532.845/share, with trading volume of $359 million. The stock staged a recovery rally after suffering a cumulative decline of over 11% across the prior two trading sessions.

On the news front, earlier market rumors alleged that Nvidia's next-generation Rubin NVL72 platform would slash per-rack memory capacity from 55TB to 28TB, replacing 192GB SOCAMM modules with 96GB versions, which triggered heavy selling across the storage sector. The panic was subsequently alleviated after SemiAnalysis founder publicly clarified that the market had misinterpreted the report's contents, and Nvidia CEO Jensen Huang also denied the related claims.

Within the Technology Hardware, Storage & Peripherals sector, storage stocks broadly recovered. SanDisk rose 3.87%, Seagate Technology gained 3.38%, and Super Micro Computer advanced 2.93%, reflecting sector-wide relief following the rumor clarification.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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