Why Big Tech Is Quietly Buying Western Digital Stock
Western Digital Corporation (WDC) has seen its stock price surge over 270% year-to-date, driven by the spin-off of its flash business and rising demand for data storage due to the AI revolution. As a focused HDD manufacturer, WDC is benefiting from increased revenue and profitability, allowing for debt reduction and dividend payments. Analysts remain bullish, with many rating WDC a Buy, although risks include potential market volatility and skepticism about future growth. The stock's technical indicators show strong momentum, but caution is advised as the storage industry can be unpredictable.
Talkmarkets·