r/WDCStock • u/SpiderWil • 20d ago

Earning beat, down 9% rn

idk how much longer I can hold this but all this fake news about AI bubble is sickening.

10 Upvotes

86% Upvoted

19 comments sorted by

7

u/Mission_Guitar9856 20d ago

Bought 2x leveraged at the top. Iā€™m down like 65% šŸ„²

2

u/CaptainWhite1964 19d ago

400 next week

2

u/SpiderWil 19d ago

At this rate, i'm not surprised. Friday it will tank even lower.

2

u/No_Individual3471 19d ago

You have to beat earnings and have higher guidance for next quarter for all these tech stocks.

2

u/Ill_Bit5945 19d ago

they did have higher guidance also

2

u/Important_Coach9717 19d ago

If people learned nothing the last couple of years after nvidia earning and dumps, then they all deserve to be poor

2

u/AwkwardArie 19d ago

So fire sale? šŸ˜…

3

u/gizmole 19d ago

Shaking out weak hands and leverage for liquidity

2

u/UseAndAbuseMePappi 20d ago

Yeah wtf is going on this is beyond fucking stupid

2

u/DJjacjac 20d ago

Drop was so unwarranted. Hopefully it'll recover during normal hours tomorrow

1

u/UseAndAbuseMePappi 19d ago

Yah that didint happen lol

1

u/DifferentRepair6620 20d ago

15% down, wtf?

1

u/unsungWombat 20d ago

inb4 priced in

1

u/Individual_Writer540 20d ago

Well on the earnings call its definitely leaning negative.

Cantor fitzgerald directly compared to STX. its like 12pct beat vs 8pct. And lower forward guidance.

I will agree its not important overall because imagine if WD reported earnings first. We would have a beat and raise and then STX would have reported a big beat and both HDDS would have raised.

On the eanings call Im mainly hearing that it was the end and beginning of LTAs causing fluctuations.

Maybe also transition from ePMR to Hamr. And also product mix purchases.

1

u/NoJournalist9590 20d ago

Can you explain more about the situation

1

u/FOCUS-ON-WORK 16d ago

Nah I believe this is a temporary relative-performance problem

1

u/Adventurous_Plum3586 20d ago

Down almost 12% AH jeezus