On August 17, Western Digital rose 3.05% in regular trading, trading at $522.75/share, with turnover of $228 million, extending the post-earnings oversold recovery trend.

On the news front, the storage chip sector rallied broadly, with SanDisk up over 5%, Seagate Technology up over 3%, and SK Hynix and Micron Technology each up over 2%. Global storage chip supply-demand imbalance continues to intensify, as long-term supply agreements have spread from the three major manufacturers to second- and third-tier players, with supplier pricing power reshaping bargaining dynamics across the industry chain.

Meanwhile, multiple investment banks have raised their target prices for Western Digital: Bernstein raised to $770, Morgan Stanley to $676, and BNP Paribas to $700, providing sustained support for the recovery rally. Within the Technology Hardware, Storage & Peripherals sector, SanDisk Corp. rose 4.64%, Seagate Technology rose 2.08%, and Apple rose 0.3%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)