西部数据（WDC）今日盘中股价大跌5.07%，引起了市场的广泛关注。
消息面上，英国《金融时报》等媒体分析指出，尽管当前存储芯片板块在人工智能需求驱动下经历空前上涨，但行业的强周期性规律并未消失。过去六个月内，西部数据等存储股涨幅巨大，但历史数据显示，存储股剧烈上涨后往往快速回调，投资者可能正在重蹈2022年周期逆转的覆辙。当前市场已出现与2022年相似的结构性风险，包括供应商为争夺订单超前采购、超大规模企业高估需求、重复订购与产能扩张并存，这些因素引发了市场对行业周期回调的担忧。
分析人士警告称“投资者的记忆太短暂了”，存储行业需求波动迅速而产能调整滞后，常导致价格剧烈起伏。本轮由AI驱动的上涨周期虽受益于技术差异，但周期规律仍在发挥作用，市场乐观情绪可能忽视了历史教训，从而触发了今日的股价调整。
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