U.S. Stock Market Activity: Western Digital Plunges on October 13 as UBS Lowers Target Price, Supply Concerns Emerge, and Sector Sell-off Intensifies
Bitget异动解读2026/10/13 11:51Western Digital October 13th Decline Analysis
Keywords: UBS lowers target price, supply concerns, sector sell-off
1. On October 13th, UBS lowered Western Digital's target price from $525 to $470, maintaining a neutral rating due to expanded hard drive supply and future pricing uncertainties.
2. On October 13th, AI-related chip and storage stocks generally weakened. Industry reports mentioned doubts about the sustainability of AI investments and intensified competition; the decline in the storage sector pressured Western Digital.
(Disclaimer: This content was gathered and summarized using AI technology from public information. It is for reference only and does not constitute investment advice.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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