Western Digital stock drops about 7% after upbeat forecast; AI storage trade turns choppy
Western Digital shares fell about 7% to $258.99 in Friday trading, despite the company beating earnings estimates and forecasting third-quarter revenue near $3.2 billion, above Wall Street expectations. Investors are awaiting updates on demand and product plans at the Feb. 3 Innovation Day in New York. CFO Kris Sennesael said the company is “pretty much sold out for calendar 2026.”