Western Digital Corporation is trading 7.3% down today at $533.78 as investors pull back from richly valued AI and semiconductor names following a sharp sector selloff tied to Broadcom’s post-earnings drop.
- The stock is giving back part of its recent rally amid a weak tech tape, with the Nasdaq and semiconductor peers facing significant downward pressure.
- Despite today's decline, the company has maintained massive year-to-date and 12-month gains fueled by surging demand for AI storage and bullish analyst price targets.