$Western Digital(WDC)$ Another story that looks designed to push WDC and other names lower and shake out retail. China's CXMT announced "key progress" on a chip structure that Samsung and SK Hynix are also pursuing. The CXMT news has zero fundamental impact on Western Digital, yet the stock dropped 2% at the open, which conveniently hits stop losses. WDC is an HDD company. CXMT makes DRAM. WDC does not make DRAM. HDD production for the rest of 2026 is already 100% sold out. So in short, thanks for the extra dip.
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