Tech Tariff Uncertainty Mounts, Western Digital in Focus

Western Digital shares were last up 1.95% on Friday, as investors weighed uncertainty over new semiconductor tariffs that could impact tech hardware and AI data center supply chains.

The Trump administration is reportedly considering expanding semiconductor-related tariffs to more tech products, including laptops, game consoles, and data center servers.

Commerce Secretary Howard Lutnick has backed a framework linking tariff relief to foreign investment in U.S. chip manufacturing.

The White House pushed back on those reports, saying tariff coverage should be considered "baseless speculation" unless formally announced. The White House also said the administration is taking a "flexible, nuanced, and multi-pronged approach" to bring critical manufacturing back to the U.S.

Analyst consensus and recent moves: The stock holds a Buy rating with an average price target of $649.79, and a target range of $450.00 to $900.00. Recent analyst adjustments include:

Citi: Buy

TD Cowen: Buy

UBS: Neutral

Key ETF Holdings

Alger Concentrated Equity ETF: Weight 4.56%

Invesco Dorsey Wright Technology Momentum ETF: Weight 4.45%

Alger 35 ETF: Weight 6.73%

Significance: Given WDC's significant weight in these funds, any large-scale inflows or outflows into these ETFs could force the funds to automatically buy or sell the stock.

Price Action

WDC share dynamics: As of the latest data on Friday, Western Digital shares were up 1.95% at $471.02.