Just took a look at TradFi over there—this $WDC has a rather interesting trend: up +3.06% over 24 hours to 523, and it even touched 524.56 intraday. Trading volume of 3.6M isn’t that big, but the momentum matches the crypto market’s morning rebound.
Western Digital makes storage chips, which has been indirectly linked to demand for hard drives used in Bitcoin mining for a long time. I still remember what happened last year with Chia—when the HDD prices were bid up. Even though things have cooled down since then, the pull from AI data centers on storage is real. When liquidity in the crypto market recovers, capital often sweeps through risk assets first; hardware stocks like $WDC , which trade at low valuations, tend to get lifted along with the move.
The key now is how market sentiment looks after the upcoming US CPI data. The correlation between crypto and TradFi is getting tighter and tighter—targets like $WDC actually show more upside sensitivity than pure tech stocks.
#Semiconductors
Western Digital makes storage chips, which has been indirectly linked to demand for hard drives used in Bitcoin mining for a long time. I still remember what happened last year with Chia—when the HDD prices were bid up. Even though things have cooled down since then, the pull from AI data centers on storage is real. When liquidity in the crypto market recovers, capital often sweeps through risk assets first; hardware stocks like $WDC , which trade at low valuations, tend to get lifted along with the move.
The key now is how market sentiment looks after the upcoming US CPI data. The correlation between crypto and TradFi is getting tighter and tighter—targets like $WDC actually show more upside sensitivity than pure tech stocks.
#Semiconductors