Western Digital is trading 5.1% down today at $487.70 as investors exit overheated memory-chip names following a sharp selloff in Korean peers and broader AI-memory profit-taking.
- Sentiment is further weighed by a recent downgrade from Fox Advisors, adding a company-specific headwind on top of sector-wide weakness.
- Competitive concerns are mounting regarding Apple’s potential partnership with CXMT, which could impact the company's long-term market position.