🔴 WDC is trading 3.9% down today amid broader tech sector weakness and AI cost fears

WDC is trading at $259 (-3.9%) in pre-market, tracking a broader tech sector decline as AI cost concerns weigh on the Nasdaq.

• The move extends yesterday's selloff despite recent positive catalysts, including a 25% YoY revenue increase in Q2 and a $4B share buyback announcement.
• No major company-specific news was released today; CEO Irving Tan's recent share disposal was executed under a pre-arranged 10b5-1 trading plan.