WDC
NASDAQ · Technology
Western Digital Corp
$643.83
-26.92 (-4.01%)
WDC News30 articles
Memory Chip Rally vs. AI Megacap Slide: Market Shifts Focus to Pricing Power
Memory suppliers surged $239B in market cap on Micron's $22B customer commitments, while five AI megacaps lost $417B, shifting focus from AI demand to pricing power.
Micron's Record Revenue Propels Nasdaq Futures Higher Ahead of PCE Data
Nasdaq 100 futures rise 2.15% driven by Micron's strong earnings and AI chip demand. Markets eye PCE data and Q1 GDP for further direction.
Micron and Qualcomm Surge After Hours, Sparking $400 Billion Chip Rally
Micron (MU) soared 16% after hours on $100 billion in customer commitments; Qualcomm (QCOM) jumped 13% on a $15 billion data-center target, fueling a $400 billion chip rally.
Western Digital Slips on Profit-Taking as Micron Earnings Loom
Western Digital shares dropped 4% on profit-taking after an AI-storage rally. Investors focus on Micron earnings for enterprise spending signals, while analysts see HDD supply deficit lasting through 2027.
SanDisk Surge Tested as AI Memory Demand Diverges From Micron
SanDisk (SNDK) shares surged 9.5% in after-hours trading following Micron's bullish Q4 forecast, but concerns linger over its data-center revenue mix.
Memory Chip Stocks Slide Harder Than Nvidia, Raising AI Spending Doubts
Memory chip stocks fell more than Nvidia, with Micron, Sandisk, and Western Digital leading declines, as investors question AI spending ahead of Micron earnings.
Chip Rout Deepens as AI Optimism Wanes Ahead of Micron Earnings
Semiconductor stocks tumbled 7.6%, dragging the Nasdaq 2% lower as investors brace for Micron's earnings and a key Fed inflation report that could test confidence in the AI trade.
Dow Holds Ground as Tech Selloff Deepens on AI and Rate Concerns
The Dow ended nearly flat while the S&P 500 and Nasdaq slumped, led by a 7.6% plunge in the Philadelphia Semiconductor Index, as AI spending uncertainty and rising rate hike bets hit tech stocks. Markets await Micron earnings and PCE inflation data.
Apple Stock Holds Up Amid Chip Rout as Margin Concerns Linger
Apple shares fell 0.4% to $295.79, outperforming a sharp selloff in semiconductors and the broader tech sector, as concerns over App Store commissions and memory costs weigh on profit margins.
Tech Stocks Shed Over $1 Trillion as AI Rally Unravels
Nasdaq 100 futures tumbled nearly 3% as AI-linked tech stocks erased over $1 trillion in market value. SpaceX dropped below $2 trillion, while South Korea's KOSPI fell 9.99%.
Tech Selloff Hits Nasdaq After Hours; Dow Holds Steady
U.S. index ETFs were mixed in after-hours trading Monday, with the Nasdaq slipping as AI stocks dropped, while the Dow edged higher. Investors await key inflation data and Micron earnings.
Western Digital Surges on AI Storage Demand and Sandisk Exchange Completion
Western Digital surged 4.86% to $746.23, driven by AI storage scarcity and the completion of the Sandisk share exchange, adding $11.9B in equity value.
Seagate Stock Nears 52-Week High on AI Storage Demand Surge
Seagate shares rose nearly 15% in a week to $1,070.23, close to a 52-week high, fueled by AI storage demand and hard disk drive shortages. Analysts raised targets, but the stock now trades above consensus estimates, increasing downside risk.
WDC Hits Record on AI Data Demand, HDD Shortage Fuels Rally
Western Digital closed at a record $746.23, up 32.6% for the week, as AI-driven HDD shortages boost investor optimism. Analysts see upside but caution on supply risks.
Sandisk Surges to Record High on AI Data Center Demand; Micron Earnings in Focus
Sandisk shares soared to a record $2,184.75, driven by robust AI infrastructure spending. The rally faces a test with Micron's upcoming earnings report.
Apple Warns of Price Hikes as AI Demand Drives Memory Chip Costs Higher; Micron Hits Record
Apple will raise prices as memory and storage chip costs surge, CEO Tim Cook says hikes are unavoidable. Micron stock closed at an all-time high on supply tightness.
G7 Leaders Debate AI Model Access Amid OpenAI's $1T IPO Plan and Rising China Competition
G7 leaders debate AI model access as OpenAI files for a $1T IPO. Anthropic restricts models, China boosts local AI, and cybersecurity deals surge.
Dow Jones Hits New Peak; Tech Dips as Fed Meeting Looms
The Dow Jones Industrial Average hit a new record high, while the S&P 500 and Nasdaq slipped as technology stocks lost steam ahead of the Federal Reserve's pivotal policy decision.
Western Digital Shares Surge on Morgan Stanley Upgrade, AI Storage Demand
Western Digital shares surged 16% after Morgan Stanley lifted its price target to $650, citing strong nearline enterprise storage demand and AI-driven HDD pricing power.
Tech Rally Powers QQQ Surge as US-Iran Deal Eases Oil, Inflation Worries
QQQ gained 3.1% as US-Iran deal lowered oil prices, easing inflation and rate-hike fears. Micron and Nvidia led a tech rally, with TQQQ surging 9.2%.
AI Storage Demand Drives Morgan Stanley to Boost Western Digital Target to $650
Morgan Stanley lifted its Western Digital price target to $650, citing AI data-center storage demand. WDC shares surged 13% as 2026 HDD capacity is fully booked.
Sandisk Plunges 11% as Chip Sector Suffers $1.3 Trillion Selloff
Sandisk fell 11.4% as the PHLX Semiconductor Index dropped 10.3%, its worst day since March 2020, erasing $1.3 trillion from U.S. chipmakers amid AI storage demand concerns.
Micron Stock Plunges as AI Chip Selloff Intensifies
Micron Technology dropped 8.3% after Broadcom's revenue miss triggered a chip selloff, but analysts say memory shortages could persist for years.
Broadcom Plunge 13% After Hours Sparks Tech Selloff, Dow Drops 621 Points
Broadcom slid 13.7% after hours after missing Q2 revenue estimates and keeping AI-chip sales forecast unchanged, triggering a broader market decline with the Dow falling 621 points.
Sandisk Hits All-Time High as AI Storage Demand Surges
Sandisk shares soared 8% to a record high on AI storage demand, with Q3 revenue up 97% and data-center sales surging 233%. Morgan Stanley warns memory price hikes are expanding beyond data centers.
AI Memory Boom Drives DRAM ETF to $13.4 Billion in First Two Months
Roundhill Memory ETF (DRAM) saw $553.7 million in new inflows on May 29, pushing assets to $13.36 billion, as investors pile into AI-memory exposure. The fund focuses on high-bandwidth memory, DRAM, and NAND stocks.
SanDisk Surges as Wall Street Lifts Target to $3,250 on AI-Driven NAND Demand
Susquehanna boosted its SanDisk price target to $3,250, reflecting surging AI-driven demand for NAND memory. The company reported Q3 revenue of $5.95B, up 251%, and signed $42B in minimum revenue contracts.
SanDisk Surges on AI Demand, Price Target Hiked to $3,250
SanDisk shares jumped after Susquehanna raised its price target to $3,250, driven by AI demand and long-term contracts. Q3 revenue rose 97%.
Dow Rises as Nasdaq Pulls Back; Oil Slide Boosts Airlines
U.S. stocks traded mixed Wednesday as the Dow gained and the Nasdaq dipped from record highs. Oil prices fell sharply, boosting travel stocks but weighing on energy shares.
SanDisk’s AI-Fueled Surge Outpaces Wall Street Targets
SanDisk shares fell 2% to $1,557.74 even after Barclays nearly doubled its price target, as the AI-driven rally outpaces analyst expectations.