Stock Track | Western Digital Soars 5.02% Intraday on AI Storage Demand and Sector Strength

Stock Track01:21

Western Digital's stock soared 5.02% during intraday trading on Thursday, extending a recovery in the storage sector.

The surge is driven by renewed focus on AI-driven supply shortages for storage products, with structural demand for NAND flash and HDD capacity from AI data center buildouts supporting the narrative. The broader storage and chip sector showed strength, with peers like Seagate Technology and SanDisk also advancing.

Analyst sentiment remains positive, with Loop Capital recently raising its price target on Western Digital to $600 from $540 and Arete lifting its target to $610 from $435, both maintaining buy ratings.

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