🔴 Western Digital is trading 4.5% down today as bond yields and geopolitical risks pressure chip stocks

Western Digital is trading at $467.12 (-4.50%) as elevated bond yields and geopolitical uncertainty pressure high-momentum semiconductor trades.

• The move follows a 7.43% decline on August 18 and appears primarily sector-driven rather than a result of new company-specific fundamental developments.
• Memory-chip shares are falling broadly across the market, with Asian chip stocks also extending the selloff during the August 19 session.