Western Digital Falls 4% Despite Its AI Storage Pitch; Seagate Drops 5%, Micron Holds Steady

Western Digital (NASDAQ:WDC | WDC Price Prediction) stock is sliding in Tuesday afternoon trading, even as the company leans harder into its AI storage pitch. Western Digital shares are down 4% to $411.

24/7 Wall Street • 17 hours ago

Western Digital (WDC) Falls More Steeply Than Broader Market: What Investors Need to Know

The latest trading day saw Western Digital (WDC) settling at $426.94, representing a -4.53% change from its previous close.

Zacks Investment Research • Sep 14, 2026

Western Digital Announces Redemption of 3.00% Convertible Senior Notes Due 2028

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corporation (Nasdaq: WDC) (“Western Digital”) announced today that it will redeem all of the $109,505,000 aggregate principal amount outstanding of its 3.00% Convertible Senior Notes due 2028 (CUSIP No. 958102AT2; ISIN No. US958102AT29) (the “Notes”). The redemption date for the Notes is November 16, 2026 (the “Redemption Date”). The Notes will be redeemed on the Redemption Date at a redemption price equal to 100% of the principal amount being.

Business Wire • Sep 14, 2026

Seagate Vs. Western Digital: One Moved First on AI Storage Demand.

Seagate and Western Digital both posted blockbuster quarters with nearly identical revenue guidance, yet one is shipping next-generation HAMR drives into hyperscale contracts right now while the other bets its future on timing the market perfectly.

24/7 Wall Street • Sep 14, 2026

KG: Dip Buyers Move Into AI Stocks, Crude Oil Spikes Near $105

Some investors are buying the dip in the latest tech selloff. Kevin Green discusses how commentary from Anthropic's Dario Amoedi and OpenAI CEO Sam Altman ignited fears of AI development and ways he sees the news moving stocks in the industry. It comes as the stock market braces for the Fed's interest rate decision Wednesday, with Wall Street pricing in a hike. KG tuns to crude oil's price surge near $105, a level he sees as a strong resistance level for the commodity.

Western Digital Sees AI-Driven HDD Demand Outpacing Supply Through 2027

Western Digital NASDAQ: WDC CFO Kris Sennesael said the hard-disk-drive market has become more structurally tied to cloud and artificial-intelligence infrastructure spending, arguing that the company has greater demand visibility than in prior industry cycles.

MarketBeat • Sep 12, 2026

Western Digital: Buy The Earnings Growth, Not Just The AI Story

Western Digital is now a pure-play HDD leader, capitalizing on surging data storage demand, especially from hyperscale cloud and AI-driven workloads. WDC delivered 44% YoY Q4 revenue growth and 22% exabyte shipment growth, with cloud customers accounting for 89% of Q4 revenue. Gross margin expanded to 54.1% in Q4 FY2026, with management guiding for 55%-56%, driven by high-capacity drives and strong operating leverage.

Seeking Alpha • Sep 12, 2026

Western Digital: Business Secured Through 2028, Price That Already Prices In A Lot Of The Story

Western Digital has secured multi-year hard drive sales contracts through 2027-2028, driving structural demand and supporting its bullish investment thesis. WDC's revenue is now 89% cloud-driven, with a concentrated high-capacity HDD market shared mainly with Seagate, fostering price discipline and margin expansion. WDC trades at stretched valuations, 47.3x non-GAAP P/E and 13.4x EV/Sales, well above sector and historical averages.

Seeking Alpha • Sep 12, 2026

Western Digital Stock Slips Friday: What's Happening?

Shares of Western Digital Corp. (NASDAQ:WDC) are trading lower Friday afternoon as storage and semiconductor equities faced broad-based selling following a software efficiency breakthrough from AI developer DeepSeek.

Benzinga • Sep 11, 2026

Western Digital: The Correction Priced Out The Froth, Not The Compounding

Western Digital is rated a Buy, with compounding AI-driven storage demand and a reasonable ~17.5x forward EV/EBITDA multiple supporting the thesis. Structural shifts from inference, agentic, and physical AI workloads underpin a 'new normal' of robust, less-cyclical storage demand, with pricing power intact through FY2027. Medium-term growth expectations have moderated to ~25% exabyte shipment growth, but pricing-led revenue and margin expansion remain strong, mitigating short-term volume fluctuations.

Seeking Alpha • Sep 11, 2026