Western Digital shares fell on July 28, 2026, amid a broad semiconductor and memory chip sector downturn. The selloff followed a significant loss in market value for memory-related stocks on the previous day.
Investors cited renewed doubts regarding the long-term sustainability of AI-driven demand. Concerns over potential increases in domestic chip production from China further pressured the stock.
Shareholders are reducing risk exposure ahead of the company’s fourth-quarter and full-year 2026 financial results on August 5, 2026. Mixed analyst price targets highlight uncertainty following a substantial stock price rally over the past year.