🔴 WDC is trading 9% down today after yesterday's 17% surge on AI demand and analyst upgrades

WDC is trading at $199.16 (-9.22%) as investors take profits following a significant 16.77% rally earlier this month.

• The prior surge was driven by analyst price target hikes, including Cantor Fitzgerald's $250 and Morgan Stanley's $228.
• Recent tailwinds included Nasdaq-100 inclusion and robust AI/cloud storage demand.
• The current drop is notable as it contrasts with a broader chip sector rebound (e.g., Micron up 10%), suggesting sector rotation or an overbought pullback.