Down 12.1% to $267.27 from a $304.12 open, a one-day drawdown this memory name rarely posts. Keep an eye on whether buyers defend the $100 billion market cap into the close.
Latest Activity
AI storage demand pushed non-GAAP gross margin to 58.1% from 43.9% a year ago, the kind of expansion that resets what this business can earn. Management's guidance and a dividend raised to $0.175 a share answer the recent selloff directly.
A 7.1% slide to $351.70 takes roughly $9 billion off a $131.6 billion storage name in a single session. Moves this size rarely settle in a day, so keep an eye on whether the stock stabilizes near these levels.
Applied Digital closed up 6.93%, the widest gain in a 385-name priority universe, with Sea at the other end down 5.35%.
The storage names took the worst of Friday's close, with Western Digital down 10.07% and Seagate off 9.96%. Teradyne led the whole 379-name board at +7.98%.
Storage names are taking the brunt of the open, with Seagate down 14.8%. On the other side, ON Semiconductor leads the gainers, leaving the spread across this stock universe at roughly 21 points in a single session.
WDC Coverage
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