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Western Digital (WDC) shares slumped just over 10% on Friday, with the stock falling $47.27 to close at $415.29. The slide for the hard drive maker came along with a drop from peer Seagate Technology, as both succumbed to sector-level pressure. At SA Spotlight uses AI to summarize content published on Seeking Alpha. All summaries are reviewed by human editors prior to publication. Seeking Alpha's Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser. Is this happening to you frequently? Please report it on our feedback forum. If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. Entering text into the input field will update the search result below - Shares dropped over 10% due to sectorwide pressure, peer declines, and possibly pricing in of AI-related storage expectations, despite intact long-term outlook. - Analysis and some commentators noted that AI-driven storage demand may have been priced in, suggesting limited short-term upside and risk of further consolidation. - Analysts cited outer-year margin compression, multiple contraction, high expectations, potential margin normalization, and possible insider selling; entry timing and volatility were also highlighted as concerns.
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