Western Digital (WDC) News Today

Western Digital Corporation (NASDAQ: WDC) is trading lower as investors sell storage and semiconductor stocks amid renewed concerns about AI-related demand, elevated interest rates and stretched technology valuations. The stock recently traded at $447.18, below its 50-day moving average of $495.23 and near its 200-day average of $452.06.

• Positive Sentiment: Bullish analyst view remains intact: Citi reaffirmed a Buy rating and raised its price target to $740, citing AI-driven storage demand that is outpacing supply. Recent analyst targets include a median of $597.50, with several targets ranging from $650 to $900. Western Digital Buy Rating Reaffirmed
• Positive Sentiment: Fundamental support: Western Digital’s latest reported quarter showed 43.8% year-over-year revenue growth, earnings above consensus and first-quarter fiscal 2027 guidance of $3.85–$4.15 per share. Bullish commentary argues that the recent correction removed speculative excess without undermining the company’s longer-term compounding potential. Western Digital The Correction Priced Out The Froth
• Neutral Sentiment: Short-interest data provides little signal: Reported short interest was zero shares, with a zero-day days-to-cover ratio, suggesting the data may be incomplete or unreliable rather than indicating meaningful short positioning.
• Negative Sentiment: DeepSeek-driven AI concerns pressured the sector: An apparent breakthrough in AI efficiency raised questions about how much computing and storage infrastructure future AI systems may require, contributing to a selloff across storage and semiconductor equities. Western Digital Stock Slips Friday
• Negative Sentiment: Macro and trading pressures added to the decline: Rising Treasury yields and higher oil prices hurt high-growth technology shares, while weakness in Micron and Seagate highlighted a broad memory and storage selloff. Recent insider filings also show substantial selling and no reported insider purchases, creating an additional near-term overhang. Western Digital Falls as Storage Stocks Slide