On October 7, Western Digital fell 3.05% in regular trading, trading at $399.65/share, with Turnover of $473 million.
The stock extended its technical pullback as sentiment in the storage sector remained depressed by Toshiba's previously announced plan to invest approximately 60 billion yen to expand its Philippine HDD plant and double capacity for AI data centers by fiscal 2027. Despite Morgan Stanley and Bernstein arguing the market reaction is overblown, high-level profit-taking pressure persisted across HDD peers Seagate and Western Digital.
Western Digital Corporation develops, manufactures, and sells data storage devices and solutions, including HDDs and SSDs, serving cloud, client, and consumer markets globally.
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