The regular session of the US market on Tuesday is now over, but let's get a preview of the after-hours session and explore the top S&P500 gainers and losers driving the post-market movements.
Rosenblatt analyst maintains Buy on Western Digital, lowers price target to $50. Expects profitable growth in HDD market driven by AI and cloud demand.
The US market is yet to commence its session on Friday, but let's get a preview of the pre-market session and explore the top S&P500 gainers and losers driving the early market movements.
Benchmark analyst upgrades Western Digital (WDC) to Buy with $55 price target, citing attractive valuation, expected data center growth and AI opportunities.
Stay informed about the performance of the S&P500 index in the middle of the day on Tuesday. Uncover the top gainers and losers in today's session for valuable insights.
U.S. stocks staged a broad-based rally on Monday, snapping a volatile losing streak after President Donald Trump hinted at a more diplomatic approach to tariff negotiations.
Several large-cap stocks, mainly in technology, saw significant declines this week due to macro and supply chain uncertainties. Are they in your portfolio?
Shares of leading data storage manufacturer Western Digital (NASDAQ: WDC)
fell 10.5% in the afternoon session after China imposed a 34% tariff on all U.S. imports amid escalating trade war tensions. This was especially rough for the US chipmakers because a big chunk of their business leans on demand out of China. The new tariffs not only threaten to erode profit margins but also risk reducing market share.
What a brutal six months it’s been for Western Digital. The stock has dropped 39.5% and now trades at a new 52-week low of $40.41, rattling many shareholders. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
