Western Digital (WDC) closed down 1.79% at $280.42 as recent momentum from strong earnings and AI-driven demand faded amid broader market concerns. The decline followed a 15% global tariff announcement by President Trump, which sparked inflation fears across the equity markets.
- Shares showed a slight recovery in after-hours trading, rising 0.42% to reach $281.61.
- The stock's recent performance has been bolstered by a $4B buyback and a Q2 earnings beat, with 2026 HDD production already sold out due to high AI demand.
- Broader market sentiment remained under pressure as the Dow fell more than 1.5%, though the tech sector generally showed more resilience than the wider index.