Western Digital Stock Jumped Again. The AI Storage Trade Has a New Test
· Source: ts2.tech
In short
Western Digital Corp shares rose 3.5% on Friday to close at $480.00, driven by investor enthusiasm for data-storage names tied to AI infrastructure buildout. The company, now a pure hard disk drive (HDD) business after the Sandisk separation, reported strong fiscal Q3 revenue of $3.337 billion and raised its dividend, with analysts raising price targets amid surging memory prices and data-center demand. However, risks remain as expectations may outrun shipments and pricing power.
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Tags: storage, AI, supply chain, memory, data centers, semiconductors