Western Digital (WDC) stock has faced significant selling pressure recently, falling about 39% over the past three months. The stock is also trading approximately 46% below its recent peak of $799.87. The steep decline reflects profit-taking and growing investor concerns about the sustainability of pricing and future demand.
Adding to the pressure, remarks from prominent AI industry leaders advocating a more cautious and measured pace for developing frontier AI systems have weighed on sentiment toward companies exposed to AI infrastructure.