WDC
NASDAQ · Technology
Western Digital Corp
$480.00
+16.09 (+3.47%)
WDC News30 articles
Sandisk Hits Record High as AI Storage Demand Drives $245B Market Cap
Sandisk shares hit an all-time high of $1,562.34, pushing its market cap to $245 billion as AI data-center demand fuels a 251% revenue surge.
Wall Street's Record Rally Faces Key Inflation Test This Week
The S&P 500 and Nasdaq closed at all-time highs Friday, with investors now focused on April inflation data, Cisco earnings, and US-China trade talks this week.
Western Digital Surges as AI Storage Demand Fuels Rally
Western Digital shares jumped 3.5% as AI storage demand drives the stock higher. The company's pure-play HDD focus and strong earnings outlook support the rally.
S&P 500 and Nasdaq Hit Fresh Highs as AI Stocks Power Through Oil Shock
The S&P 500 and Nasdaq set new records Friday, powered by AI stocks and a stronger April jobs report. Nvidia gained 1.8%, while Micron and Sandisk surged over 15%.
Sandisk Shares Rally 16.5% as AI Flash Storage Demand Skyrockets
Sandisk shares jumped 16.5% to $1,562.34, lifting market cap to $245 billion, as AI-driven flash storage demand boosted Q3 revenue 97% sequentially to $5.95 billion.
Seagate Stock Surges on AI Storage Demand, but Valuation Raises Concerns
Seagate stock soared to record highs near $782.64 on AI-driven storage demand, but a high P/E ratio of 74 raises valuation concerns.
S&P 500 and Nasdaq Close at Record Peaks on AI Surge and Strong Jobs Data
The S&P 500 and Nasdaq closed at record highs Friday, fueled by strong AI demand and better-than-expected April jobs data, while after-hours action was muted.
Western Digital Rises on AI Storage Demand and Sandisk Divestiture Progress
Western Digital shares gained 3.5% as the company continues its Sandisk exit and reports strong AI-driven HDD demand. Q3 revenue hit $3.34B, up 45% YoY, with Q4 guidance above expectations.
Seagate CFO Sells $19M in Stock as AI Storage Rally Nears Peak
Seagate CFO Gianluca Romano sold about $18.9 million in shares on May 6-7 under a pre-arranged plan, as the stock closed near record highs on AI storage demand.
S&P 500 and Nasdaq Close at All-Time Highs on Strong Jobs Data and AI Chip Surge
The S&P 500 and Nasdaq closed at record highs Friday, fueled by a robust jobs report and a surge in AI chip stocks. The S&P 500 gained 2.3% for the week, the Nasdaq 4.5%.
Memory ETF DRAM Hits $5B Inflows as AI Chip Demand Surges
Roundhill Investments' Memory ETF (DRAM) has drawn over $5 billion since its April 2 launch, with $1.1 billion in inflows on Thursday alone, as investors bet on memory chip makers critical to AI supply chains.
AMD Stock Retreats After AI-Fueled Rally; Server CPU Strategy Takes Center Stage
AMD shares fell $12.97 to $408.42 Thursday, reversing some of the post-earnings gains. The company's Q1 revenue rose 38% to $10.25B, driven by data-center sales up 57%, and it forecasts Q2 revenue of about $11.2B.
Mizuho Boosts Micron, Western Digital Targets on AI Memory Demand
Mizuho Securities boosted price targets for Micron and Western Digital, citing AI-driven memory demand. Micron shares rose 4.2% premarket.
Western Digital Surges on AI Storage Demand, Dividend Hike
Western Digital shares rose 6% to $469.44 after fiscal Q3 revenue surged 45% to $3.34 billion, beating estimates. AI-driven cloud storage demand and a 20% dividend hike boosted sentiment.
SanDisk Surges on AI Storage Demand, but Earnings Call Hints at Slowing Price Gains
SanDisk shares rose 9.3% to $1,372.33 after a stellar Q3, but the earnings call hinted that rapid price increases may be cooling.
Data Storage Stocks Emerge as Unexpected AI Beneficiaries
Data storage stocks like Seagate, Sandisk, and Western Digital rally on AI data demand, with Sandisk reporting 251% revenue growth and a $42 billion supply deal.
Sandisk Tumbles Despite Record Q3 Earnings as AI Rally Sets Sky-High Expectations
Sandisk shares dropped about 6% in after-hours trading Thursday despite reporting blowout Q3 earnings, as the stock's massive AI-fueled rally set an extremely high bar for performance.
Western Digital Shares Climb on Seagate's Strong AI Storage Outlook
Western Digital (WDC) shares surged 9.3% after Seagate's (STX) strong quarterly outlook boosted the storage sector, highlighting AI-driven demand for HDDs.
Seagate Soars on AI Storage Demand, Lifting Sector
Seagate forecast Q4 revenue of $3.45B and EPS of $5.00, beating estimates. Shares jumped 18% premarket, lifting sector peers.
Earnings Optimism Boosts Futures Ahead of Fed Decision
U.S. stock futures edged up Wednesday as strong earnings from Seagate, Coca-Cola, and Bloom Energy offset geopolitical worries and AI spending concerns ahead of the Fed decision.
Nasdaq Slides on AI Jitters; Visa, Starbucks Rally in After-Hours Trading
U.S. stocks fell Tuesday, with the Nasdaq down 0.9% as AI and chip shares sold off. In after-hours trading, Visa and Starbucks rallied on strong earnings, while oil prices climbed above $100.
Seagate Surges on AI-Driven Storage Demand, Beats Q3 Estimates
Seagate shares jumped about 10% after hours on strong AI storage demand, with fiscal Q3 revenue of $3.11B and Q4 guidance of $3.45B, both above analyst expectations.
Sandisk Hits Record High on AI Memory Optimism Ahead of Earnings
Sandisk surged 7.4% to a record $1,063.55 on Monday after Melius Research started coverage with a Buy rating and $1,350 target, as AI-driven memory demand fuels bullish sentiment ahead of earnings.
Silicon Motion Shares Surge Ahead of Q1 Results as Dividend Date Confirmed
Silicon Motion shares jumped 8.1% Friday to $153.46 as investors await Q1 earnings on April 28. The company confirmed its quarterly dividend of $0.50 per ADS, payable May 21.
Vanguard Executes Major ETF Splits to Boost Investor Accessibility
Vanguard has implemented share splits across five of its prominent equity index ETFs, significantly reducing individual share prices to improve accessibility for retail investors without altering the underlying fund values.
SanDisk Surges on Nasdaq-100 Inclusion, Replacing Atlassian
SanDisk shares rallied sharply Monday following its selection to join the Nasdaq-100 index, with the flash memory maker set to replace Atlassian ahead of the April 20 market open.
Sandisk Soars on Nasdaq-100 Inclusion Amid AI Storage Boom
Sandisk shares jumped 7.3% to $913.56 following its inclusion in the Nasdaq-100 index, replacing software firm Atlassian. The move reflects investor rotation into AI infrastructure plays amid surging data storage demand.
Cramer Sees Relief Rally Highlighting Institutional Favorites
Jim Cramer highlighted stocks like Sherwin-Williams, Caterpillar, Home Depot, and Goldman Sachs as potential institutional favorites following Wednesday's market surge. Futures slipped Thursday as oil rose on ceasefire doubts.
Markets Edge Higher on Iran Truce Prospects; Oil Holds Above $110
U.S. equities advanced for a fourth straight session Monday, buoyed by hopes for a de-escalation in the Middle East. Oil prices remained elevated above $110 a barrel.
SanDisk Gains on AI Storage Demand Amid Broader Market Caution
SanDisk shares advanced 2.8% on Monday, outperforming the S&P 500, as strong AI infrastructure demand drove quarterly revenue growth of 61%. The company extended its manufacturing joint venture with Kioxia through 2034.