WDC - Western Digital Corporation
Western Digital Corporation (NASDAQ: WDC - Get Free Report) gapped down before the market opened on Friday. The stock had previously closed at $558.30, but opened at $538.50. Western Digital shares last traded at $524.56, with a volume of 1,217,635 shares trading hands. Key Headlines Impacting Western Digital Here are the key news stories impacting
Alphabet blows past earnings
Western Digital's AI storage focus and stronger financial footing make it stand out against Super Micro as both target the booming AI infrastructure market.
Memory stocks gained in premarket trading Thursday as investors continued to favor companies expected to benefit from strong artificial intelligence infrastructure spending and tight memory supply.
Shares of Genpact fell as investors questioned the pace at which the company can translate its investments in AI into meaningful revenue acceleration. Permian Resources detracted from performance as energy stocks weakened following a decline in crude oil prices. Ralliant rallied following a strong earnings report in which organic revenue grew nearly 9%, well above expectations, driven by strength across both the Sensors & Safety Systems and Test & Measurement segments.
Class A shares of the Alger Capital Appreciation Fund outperformed the Russell 1000 Growth Index during the second quarter of 2026. Nebius Group has positioned itself as a leading next-generation cloud provider purpose-built for machine learning and high-performance computing workloads. Netflix's shares detracted from performance during the quarter despite first-quarter results that beat on revenue and held full-year guidance intact.
A leaked report about SK Hynix eyeing Intel's massive Ohio chip campus sent shares swinging, but a swift denial only tells part of the story behind today's volatile session.
AI stock volatility has created discounts from 52-week highs. SNDK, WDC and CIEN stand out with strong growth drivers and upside potential.
Balefire LLC bought a new position in Western Digital Corporation (NASDAQ: WDC) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 954 shares of the data storage provider's stock, valued at approximately $258,000. Several other hedge funds have also added to or reduced
Micron rose 12%, Western Digital 12.5%, and Sandisk 14.3% on Tuesday. Morgan Stanley reportedly forecast memory prices to rise at least 25% from the second quarter to the third.
NVIDIA's rally has slowed, while Micron and Western Digital are riding AI memory and storage demand with strong growth outlooks and bullish forecasts.
The Roundhill Memory ETF (NYSE:DRAM) rallied 11.7% on Tuesday, the strongest single session in more than a month and on track to be the fourth-best day since the fund's inception.
Memory stocks are extending their rebound Tuesday morning, with SanDisk (NASDAQ:SNDK | SNDK Price Prediction) up 8% to $1,504, Western Digital (NASDAQ:WDC) up 9% to $531, and Micron Technology (NASDAQ:MU) up 7% to $923.
These memory and storage stocks have given back some gains recently and could now be more attractively priced options for growth investors to consider.
Stock futures are rising after three straight days of declines for major indexes; chip stocks are leading the rebound as volatility in the AI trade persists; several big-name companies reported earnings this morning ahead of Big Tech results tomorrow; Nebius shares are surging on news Nvidia as increased its stake in the Dutch AI infrastructure company; and SpaceX shares are rising after closing lower for the seventh consecutive sessions. Here's what you need to know today.
Baader Bank Aktiengesellschaft increased its holdings in shares of Western Digital Corporation (NASDAQ: WDC) by 72.7% during the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,413 shares of the data storage provider's stock after buying an additional 6,065 shares during the
Bessemer Group Inc. boosted its stake in shares of Western Digital Corporation (NASDAQ: WDC) by 23.0% during the undefined quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,465 shares of the data storage provider's stock after purchasing an additional 2,896 shares during the period. Bessemer
Andra AP fonden reduced its stake in Western Digital Corporation (NASDAQ: WDC) by 68.6% during the undefined quarter, according to the company in its most recent filing with the SEC. The fund owned 81,737 shares of the data storage provider's stock after selling 178,663 shares during the quarter. Andra AP fonden's holdings in
Deepwater Management Managing Partner Gene Munster predicts a major enterprise and consumer hardware refresh cycle beginning in 2027, driven by resource-intensive artificial intelligence applications that demand far greater memory capacity.
Memory stocks are catching a strong bid in Monday afternoon trading as the broader semiconductor complex rebounds from a rough stretch.