WDC
NASDAQ · Technology
Western Digital Corp
$434.30
-17.22 (-3.81%)
WDC News30 articles
Micron Dips 1.2% as Storage Selloff Softens on Long-Term Contracts
Micron (MU) slipped 1.2% despite a storage selloff, as multi-year contracts cushion the blow. Citi trims price target to $1,150, maintaining Buy.
Oil Jumps on Hormuz Tension, VIX Slips as Equity Hedging Stays Cool
Brent crude jumped 3.8% on Hormuz supply fears, yet the VIX fell 4.2% to 15.15, signaling limited equity hedging. S&P 500 slipped 0.18%, while payrolls forecast 80K.
S&P 500 Flat as Earnings Optimism Fades; Tech Selloff Deepens
U.S. stocks closed mixed Thursday as robust earnings failed to offset weak guidance, with tech leaders like AppLovin and Datadog dropping sharply.
Micron Rebounds Sharply as AI Memory Demand Offsets Storage Sector Jitters
Micron (NASDAQ:MU) rebounded 8.4% from its session low after the company raised fiscal 2027 earnings forecasts, underscoring investor confidence in AI-driven memory demand.
AI Earnings Shock: $68B Erased as Software Stocks Tumble
AI-related stocks lost $68B in value as software earnings disappointed. Semiconductors rose 1.55%, but AppLovin and Datadog fell sharply. S&P 500 earnings grew 31.1%.
Western Digital Tumbles 15% as Margin Outlook Tempers AI Storage Rally
Western Digital (WDC) dropped 15% in premarket trading as investors focused on slowing margin growth despite strong Q4 results and upbeat guidance.
AI Earnings Bar Too High as Nasdaq Futures Slide
Nasdaq futures fell 0.6% as AI stocks faced elevated earnings expectations. Western Digital, Sandisk, Datadog, and AppLovin dropped despite strong results.
Sandisk Shares Slide Despite Strong Q4 as Guidance Disappoints
Sandisk's Q4 results topped expectations, but shares dropped in extended trading as Q1 guidance fell short of some forecasts and pricing sustainability became a key concern.
Sandisk Stock Drops Despite Strong Q4 as Pricing Drives Growth
Sandisk beat Q4 estimates, but shares slipped as Q1 revenue guidance missed. Pricing drove most of the sequential gain, with datacenter revenue doubling.
Western Digital Tumbles 10% as Valuation Doubts Outweigh Strong Earnings
Western Digital shares dropped 10% in after-hours trading despite beating Q4 estimates, as valuation concerns and decelerating growth outweighed strong results.
Sandisk's $198B July Plunge: Earnings Hurdle Looms Large
Sandisk shares plummeted 55% in July, erasing nearly $198 billion in market cap, as Q4 EPS consensus rose 5.1% above management's guidance ceiling.
Sandisk Stock Plunges 55% in July, Erasing $198 Billion in Market Cap
Sandisk (SNDK) lost 55% in July, erasing nearly $200 billion in market cap as investor expectations for Q4 earnings outpace guidance.
Micron Shares Slide on Concerns Over Peak Memory Profit Sustainability
Micron shares dropped 5.4% on Wednesday, extending a three-session decline to 15.8%, as investors focus on the durability of peak memory margins rather than near-term earnings strength.
Sandisk Stock Plunges 55% in July as 80% Margins Face Scrutiny
Sandisk shares have tumbled 55% in July, leaving the stock at a potential discount if its 80% margins prove sustainable, but a steep price if they erode.
Seagate Targets 50% Margins, Shares Rebound on AI Storage Demand
Seagate shares rebounded 5.9% after projecting ~50% operating margins, with AI-driven data center revenue up 57% and strong Q4 results.
Sandisk Shares Tumble 11% as EPS Forecasts Exceed Company Guidance
Sandisk shares dropped 11% after analyst EPS estimates topped the company's guidance, with the stock swinging from a 5.3% gain to a 14.5% decline.
Western Digital Posts Weekly Gain Despite Friday Slide as Profit Outlook Brightens
Western Digital closed Friday at $519.80, down 6.9%, yet still gained 8.9% for the week as profit estimates climbed 20% to $3.30 per share.
SanDisk Stock Plunges 11% as Earnings Fuel Cycle Peak Concerns
SanDisk shares dropped 10.8% on Friday, the worst among major storage firms, as strong earnings raised fears of a cyclical peak. The stock still gained 6.0% for the week.
Market Update: TBC Bank's High Yield, J&J Endorsed, and Key Movers
TBC Bank delivers a 5.4% yield, Jim Cramer backs Johnson & Johnson, and Micron leads UK S&P 500 buys amid AI demand.
Micron Surges 12% as AI-Driven Memory Pricing Powers Rally
Micron shares surged 12% as AI-driven memory prices fueled a rally, lifting market cap by $119B. Q3 revenue hit $41.46B with gross margins at 85%.
Dow Rises 360 Points as 3M and Caterpillar Lead Blue-Chip Rally
The Dow Jones Industrial Average added 360 points by midday Tuesday, with 3M and Caterpillar contributing over 77% of the gain.
Semiconductor surge lifts US stocks, but market breadth remains mixed
US stocks rose Tuesday as the chip index jumped 4.9%, but market breadth remained uneven. The Nasdaq gained 1.29% and the S&P 500 added 0.81%.
Sandisk Shares Climb 7.6% in Premarket, Recovering a Quarter of Recent Losses
Sandisk shares rose 7.6% to $1,496.33 in premarket trading, recovering 25% of last week's steep losses. The rebound was supported by broader chip sector gains.
Sandisk's Monday Rebound Recovers Only Fraction of Recent Slide
Sandisk (SNDK) shares jumped 7.4% on Monday, recovering 17.8% of last week's steep 29.3% loss. The chip sector rebounded, but Sandisk's repair was the weakest among peers.
Tech Stocks Rally on Chip Sector Strength Ahead of Key Earnings
US stock futures advanced on Monday, led by a 3.5% surge in semiconductor stocks, as investors anticipate earnings from major tech companies.
SanDisk Plunges 29% in Week; Forward Earnings Hurdle Remains High
SanDisk shares fell 29% in a week, wiping out $88 billion in market cap. The stock now trades at 6.4 times forward earnings, implying a steep earnings hurdle.
Micron Stock Slides Despite Auto Deals as Data Center Dominance Remains Key
Micron shares dropped 5.65% on Thursday, with data center segments contributing 61% of revenue versus 11.2% from auto. New auto deals offer stability but can't shift focus from hyperscaler demand.
S&P 500 Concentration Risk Exposed as Chip Rout Hits Markets
U.S. stocks ended lower Thursday, led by a sharp decline in semiconductor shares, underscoring concentration risk in the S&P 500.
Western Digital Plunges 11% as AI-Driven Rally in Storage Stocks Falters
Western Digital (WDC) sank 10.8% to $458.22, wiping out $19.2 billion in market cap, as the AI-storage trade cooled. The drop outpaced rivals Seagate and Micron.
U.S. Stocks Show Mixed Results as Tech Sector Weakens
U.S. stocks opened mixed Thursday, with the S&P 500 down 0.12% as tech stocks lagged, while the Dow rose 0.21% and the Russell 2000 gained 0.43%, signaling a rotation out of semiconductors.