Why Is Western Digital (WDC) Stock Price Down 6.90% Today, July 24? Memory Trade Reset

Western Digital fell 6.9% in a move framed as sector-wide de-risking across volatile AI-linked memory and storage names rather than company-specific deterioration. With no same-session warning, the decline appears driven by positioning unwind after a sharp run, but the close below the 50-day EMA and weak momentum metrics signal near-term technical damage. Short-term trading may remain sensitive to broader data-center spending and peer storage commentary.