STX is trading at $315.69 (-4.46%), reversing yesterday's 14% surge as profit-taking hits AI storage stocks amid flat markets.
- The prior rally was fueled by Nvidia CEO Jensen Huang's bullish CES 2026 comments regarding AI storage demand.
- The stock also benefited from a Morgan Stanley price target hike to $337 and news of its Nasdaq-100 addition.
- The current decline occurs without specific company news, bucking the flat broader market (S&P +0.07%).