WDC
NASDAQ · Technology
Western Digital Corp
$296.14
-4.91 (-1.63%)
WDC News30 articles
SanDisk Shares Retreat Despite Citi Target Hike as AI Rally Faces Valuation Scrutiny
SanDisk shares dropped over 4% in Friday trading, even after Citi increased its price target to $875, highlighting investor caution around its AI-fueled valuation following a 1,200% rally.
Wall Street Holds Breath as Oil Retreats, Fed Stance in Focus
U.S. equity futures posted modest gains early Friday as a pullback in crude oil prices offered some relief. The tentative move higher follows a broad market decline that pushed the S&P 500 below a key technical level.
SanDisk Retreats Despite Bullish Citi Target as AI Memory Rally Cools
SanDisk shares declined 1.5% to $742.50, even after Citi lifted its price target to $875. The pullback highlights growing valuation concerns amid a surge fueled by AI data center demand for NAND flash memory.
Wall Street Futures Drop on Oil Spike, Fed Caution, and Tech Weakness
U.S. stock futures declined Thursday amid surging oil prices and a cautious Federal Reserve outlook, with tech shares pressured by Micron's capital expenditure increase.
AI Storage Demand Fuels SanDisk Rally Amid Valuation Debate
SanDisk shares advanced 4.6% as analysts highlight sustained AI-driven flash storage demand in data centers. The company posted a 61% year-over-year revenue jump and extended its supply agreement with Kioxia through 2034.
Micron's Taiwan Expansion Fuels AI Memory Rally, Sandisk Surges
Sandisk shares surged 7% Monday following Micron's announcement of a second memory chip plant in Taiwan, underscoring intense demand for AI-related memory and storage components. The company reported a 61% year-over-year revenue jump to $3.03 billion for its fiscal second quarter.
Stocks Climb as Oil Plunge Eases Stagflation Fears, Tech Leads
Major U.S. stock indexes rose Tuesday as a sharp drop in oil prices tempered stagflation worries. Technology shares led gains while energy and airline stocks declined.
SanDisk Plunges 17% Ahead of Key Conference, CPI Data
SanDisk shares dropped 6.8% on Friday, closing at $527.33, marking a 17% weekly decline. The selloff extended across memory and storage stocks, with Micron, Western Digital, and Seagate also posting losses.
Sandisk Gains Bloomberg 500 Inclusion Amid Volatile Trading
Sandisk is set to enter the Bloomberg 500 index on March 12, the index provider announced. The flash-memory maker's stock has been volatile this week amid broader market jitters.
Oil Volatility Tests AI Memory Stocks as Sandisk Swings on Gulf Tensions
Sandisk shares fell 0.6% in early Thursday trading following sharp intraweek swings, as escalating U.S.-Israeli conflict with Iran disrupts oil shipping and revives inflation fears that could pressure tech budgets.
SanDisk Shares Rebound 6% Following Tech Sector Sell-Off
SanDisk shares climbed nearly 6% on Wednesday, recouping some of the previous day's steep losses. The rebound coincided with a broader stabilization in technology and memory-chip stocks.
SanDisk Rebounds 4% as Geopolitical Fears Ease, AI Demand Supports
SanDisk shares climbed roughly 4% in early Wednesday trading, recovering a portion of the prior session's steep 8.7% decline. The rebound followed reports of diplomatic outreach from Iran and comments aimed at stabilizing oil markets.
SanDisk Plunges on Geopolitical Jitters, AI Trade Unwinds
SanDisk shares tumbled 8.6% in after-hours trading, pressured by a spike in oil prices and broader market weakness. Investors await commentary from the company's management at an industry conference.
Western Digital Leads Tech Rout as Oil Spike Sparks Inflation Fears
Western Digital shares tumbled roughly 6% on Tuesday, leading a decline in data storage stocks as a spike in oil prices fueled inflation concerns and rattled the broader market. A regulatory filing also showed a planned insider sale.
SanDisk Shares Slide in After-Hours Amid Geopolitical Tensions
SanDisk shares declined 2.6% in extended trading Monday following geopolitical turmoil that sparked market volatility, while investors await commentary from the company's scheduled conference appearance.
Geopolitical Tensions Rattle Tech Stocks, SanDisk Slides in Extended Trading
SanDisk Corporation shares declined 2.6% in after-hours trading Monday as geopolitical tensions in the Middle East sparked broad market volatility, particularly affecting technology and storage stocks.
Western Digital Stock Dips Amid 32TB Drive Shipments, AI Demand Focus
Western Digital stock declined roughly 3% in Monday trading, underperforming the broader market. The company's sales director disclosed shipments of 3.5 million high-capacity 32TB hard drives last quarter.
Western Digital Stock Dips Amid 32TB Drive Shipment Data, AI Demand Focus
Western Digital stock declined approximately 3% during Monday trading, underperforming broader indices. The company disclosed it shipped 3.5 million units of its high-capacity 32TB nearline hard drives in the previous quarter.
Western Digital Insider Sale Draws Attention Ahead of Key March Events
Western Digital shares declined after an insider sale filing by its chief legal officer. Investor focus shifts to an upcoming Morgan Stanley conference and the stock's ex-dividend date.
Micron Shares Retreat as AI Chip Rally Stalls; Focus Shifts to India Plant, Earnings
Micron Technology's stock declined Thursday, mirroring a sector-wide pullback in AI-linked chips following a drop in Nvidia. Attention now turns to the company's upcoming earnings report and the inauguration of its new assembly plant in India.
Western Digital Rises on $3.17B SanDisk Stake Sale to Cut Debt
Western Digital shares advanced 2.5% following news of a major debt reduction deal involving the sale of part of its SanDisk holding. The company's sales chief also sold shares under a pre-arranged plan.
Western Digital's SanDisk Stake Sale Fuels Stock Volatility, Debt Focus
SanDisk shares advanced as Western Digital divested a significant portion of its stake, raising $3.17 billion for debt reduction. Market attention now shifts to the potential sale of Western Digital's remaining 1.7 million shares.
Western Digital's 2026 Hard Drive Capacity Fully Booked, CEO Says
Western Digital's CEO revealed that 2026 hard drive manufacturing capacity is nearly entirely committed, backed by purchase orders from its seven largest customers and long-term contracts running through 2028.
SanDisk Holds Near $627 Amid Market Holiday, Focus Shifts to Nvidia Earnings
SanDisk shares ended Friday at $626.56, down 0.6%, before gaining 0.6% in after-hours trading. With U.S. markets closed Monday, attention turns to upcoming economic data and Nvidia's quarterly report.
Seagate Shares Dip Ahead of Holiday as $600M Debt Exchange Looms
Seagate Technology shares declined Friday, trailing storage sector peers, as the company moves forward with a plan to exchange $600 million in notes for cash and equity. Trading pauses for the Presidents Day holiday.
Western Digital Shares Dip Ahead of Key Fed Data and Inflation Report
Western Digital shares declined 0.9% to $281.58 on Friday amid light trading volume. Investors await Federal Reserve minutes and inflation data this week while monitoring company developments.
SanDisk Shares Stabilize After Volatile Session, AI Outlook in Focus
SanDisk shares ended Friday down 0.5% at $626.56 following a volatile trading session that saw a nearly 12% intraday swing. Markets are closed Monday for the Presidents Day holiday.
Seagate Completes $600M Debt Exchange, Sets Investor Events
Seagate Technology has agreed to a $600 million debt exchange, swapping notes for cash and new equity. The transaction is scheduled to settle around February 17.
Intel Recovers Slightly in Premarket After Sharp Sell-Off, Eyes AI and Auto Wins
Intel shares edged up 0.45% in premarket trading, attempting to stabilize after a 6.19% plunge. The chipmaker faces supply constraints and a projected Q1 2026 loss but is highlighting AI and automotive partnerships.
Seagate Leads AI Storage Selloff Amid Economic Data Delays
Seagate Technology shares dropped over 6% on Tuesday, leading declines in AI-linked storage hardware as investors weighed delayed economic reports and broader tech spending concerns.