Movement Alert｜Western Digital Falls 4.46% in Regular Trading, Broad Tech Sector Sell-Off Triggers Profit-Taking in Storage Stocks

Market Focus07-24 21:35

On July 24, Western Digital fell 4.46% in regular trading, trading at 541.72 USD/share, with turnover of $186 million, as the storage sector weakened in tandem with the broader technology sell-off.

On the news front, US tech stocks suffered a broad-based rout, with the Nasdaq closing down 2.15% and the Magnificent Seven index plunging 4.8%, erasing nearly $800 billion in market capitalization in a single session. Market funds rotated aggressively out of high-momentum sectors including AI hardware and storage chips, triggering concentrated profit-taking. Western Digital had rallied significantly over July 21-23, driven by strong AI infrastructure demand and multiple analyst target price upgrades, and gave back a portion of those gains amid the broader market pressure.

Among sector peers, SanDisk fell 3.55%, Seagate Technology declined 3.0%, and Super Micro Computer slipped 0.93%, reflecting broad-based selling pressure across the storage and hardware space.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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