# Western Digital retreats 10% amid storage selloff — retained record

> Retained news record from news:seeking-alpha.

Canonical: https://highsignal.app/data/records/720b6b22a59108c4

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source: [news](https://highsignal.app/data/news) (news:seeking-alpha)  published 2026-10-02 21:17 ingested 2026-10-03 02:55

[original source ↗](https://seekingalpha.com/news/4649991-western-digital-retreats-10-amid-storage-selloff?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news)

## retained text



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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
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- 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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document fetched 2026-10-03 02:55 · canonical https://seekingalpha.com/news/4649991-western-digital-retreats-10-amid-storage-selloff?feed_item_type=news